VETECE Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
VETECE Holdings Berhad has a total shareholder equity of MYR16.4M and total debt of MYR4.1M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are MYR24.8M and MYR8.4M respectively. VETECE Holdings Berhad's EBIT is MYR8.9M making its interest coverage ratio 51.6. It has cash and short-term investments of MYR4.1M.
Key information
25.1%
Debt to equity ratio
RM 4.12m
Debt
| Interest coverage ratio | 51.6x |
| Cash | RM 4.05m |
| Equity | RM 16.42m |
| Total liabilities | RM 8.43m |
| Total assets | RM 24.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTC's short term assets (MYR17.4M) exceed its short term liabilities (MYR4.0M).
Long Term Liabilities: VTC's short term assets (MYR17.4M) exceed its long term liabilities (MYR4.4M).
Debt to Equity History and Analysis
Debt Level: VTC's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if VTC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VTC's debt is well covered by operating cash flow (26.8%).
Interest Coverage: VTC's interest payments on its debt are well covered by EBIT (51.6x coverage).