Binastra Corporation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Binastra Berhad has a total shareholder equity of MYR83.2M and total debt of MYR24.5M, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are MYR295.9M and MYR212.7M respectively. Binastra Berhad's EBIT is MYR55.5M making its interest coverage ratio 170.7. It has cash and short-term investments of MYR26.1M.
Key information
29.5%
Debt to equity ratio
RM24.52m
Debt
Interest coverage ratio | 170.7x |
Cash | RM26.12m |
Equity | RM83.21m |
Total liabilities | RM212.70m |
Total assets | RM295.91m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BNASTRA's short term assets (MYR286.4M) exceed its short term liabilities (MYR212.6M).
Long Term Liabilities: BNASTRA's short term assets (MYR286.4M) exceed its long term liabilities (MYR107.0K).
Debt to Equity History and Analysis
Debt Level: BNASTRA has more cash than its total debt.
Reducing Debt: BNASTRA's debt to equity ratio has reduced from 792.7% to 29.5% over the past 5 years.
Debt Coverage: BNASTRA's debt is well covered by operating cash flow (52.9%).
Interest Coverage: BNASTRA's interest payments on its debt are well covered by EBIT (170.7x coverage).