RedPlanet Berhad Balance Sheet Health
Financial Health criteria checks 4/6
RedPlanet Berhad has a total shareholder equity of MYR25.7M and total debt of MYR9.1M, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are MYR47.9M and MYR22.1M respectively. RedPlanet Berhad's EBIT is MYR5.6M making its interest coverage ratio 15.8. It has cash and short-term investments of MYR12.5M.
Key information
35.4%
Debt to equity ratio
RM 9.11m
Debt
| Interest coverage ratio | 15.8x |
| Cash | RM 12.54m |
| Equity | RM 25.71m |
| Total liabilities | RM 22.15m |
| Total assets | RM 47.86m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RPLANET's short term assets (MYR29.3M) exceed its short term liabilities (MYR14.7M).
Long Term Liabilities: RPLANET's short term assets (MYR29.3M) exceed its long term liabilities (MYR7.5M).
Debt to Equity History and Analysis
Debt Level: RPLANET has more cash than its total debt.
Reducing Debt: RPLANET's debt to equity ratio has increased from 0% to 35.4% over the past 5 years.
Debt Coverage: RPLANET's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RPLANET's interest payments on its debt are well covered by EBIT (15.8x coverage).