VETECE Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
VETECE Holdings Berhad has a total shareholder equity of MYR39.9M and total debt of MYR4.0M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are MYR45.3M and MYR5.4M respectively. VETECE Holdings Berhad's EBIT is MYR5.5M making its interest coverage ratio 30.8. It has cash and short-term investments of MYR31.0M.
Key information
10.1%
Debt to equity ratio
RM 4.01m
Debt
| Interest coverage ratio | 30.8x |
| Cash | RM 31.04m |
| Equity | RM 39.88m |
| Total liabilities | RM 5.39m |
| Total assets | RM 45.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTC's short term assets (MYR38.6M) exceed its short term liabilities (MYR1.3M).
Long Term Liabilities: VTC's short term assets (MYR38.6M) exceed its long term liabilities (MYR4.0M).
Debt to Equity History and Analysis
Debt Level: VTC has more cash than its total debt.
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 (145.4%).
Interest Coverage: VTC's interest payments on its debt are well covered by EBIT (30.8x coverage).