Systech Bhd Balance Sheet Health
Financial Health criteria checks 5/6
Systech Bhd has a total shareholder equity of MYR22.2M and total debt of MYR64.0K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are MYR39.4M and MYR17.1M respectively. Systech Bhd's EBIT is MYR204.0K making its interest coverage ratio -51. It has cash and short-term investments of MYR7.6M.
Key information
0.3%
Debt to equity ratio
RM64.00k
Debt
Interest coverage ratio | -51x |
Cash | RM7.58m |
Equity | RM22.24m |
Total liabilities | RM17.14m |
Total assets | RM39.38m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SYSTECH's short term assets (MYR14.2M) do not cover its short term liabilities (MYR16.5M).
Long Term Liabilities: SYSTECH's short term assets (MYR14.2M) exceed its long term liabilities (MYR654.0K).
Debt to Equity History and Analysis
Debt Level: SYSTECH has more cash than its total debt.
Reducing Debt: SYSTECH's debt to equity ratio has reduced from 11.5% to 0.3% over the past 5 years.
Debt Coverage: SYSTECH's debt is well covered by operating cash flow (9057.8%).
Interest Coverage: SYSTECH earns more interest than it pays, so coverage of interest payments is not a concern.