Globaltec Formation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Globaltec Formation Berhad has a total shareholder equity of MYR322.8M and total debt of MYR3.6M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are MYR411.7M and MYR88.9M respectively. Globaltec Formation Berhad's EBIT is MYR8.8M making its interest coverage ratio -28.8. It has cash and short-term investments of MYR65.7M.
Key information
1.1%
Debt to equity ratio
RM3.63m
Debt
| Interest coverage ratio | -28.8x |
| Cash | RM65.65m |
| Equity | RM322.80m |
| Total liabilities | RM88.87m |
| Total assets | RM411.67m |
Recent financial health updates
Globaltec Formation Berhad (KLSE:GLOTEC) Seems To Use Debt Quite Sensibly
Sep 08
These 4 Measures Indicate That Globaltec Formation Berhad (KLSE:GLOTEC) Is Using Debt Reasonably Well
May 18Is Globaltec Formation Berhad (KLSE:GLOTEC) Using Too Much Debt?
Feb 02
Recent updates
Globaltec Formation Berhad (KLSE:GLOTEC) Is Looking To Continue Growing Its Returns On Capital
May 30Returns At Globaltec Formation Berhad (KLSE:GLOTEC) Are On The Way Up
Jan 11Globaltec Formation Berhad (KLSE:GLOTEC) Is Reducing Its Dividend To MYR0.018
Oct 14What Globaltec Formation Berhad's (KLSE:GLOTEC) P/E Is Not Telling You
Feb 04Globaltec Formation Berhad's (KLSE:GLOTEC) Shareholders May Want To Dig Deeper Than Statutory Profit
Nov 05Globaltec Formation Berhad (KLSE:GLOTEC) Seems To Use Debt Quite Sensibly
Sep 08Returns At Globaltec Formation Berhad (KLSE:GLOTEC) Are On The Way Up
Jul 12These 4 Measures Indicate That Globaltec Formation Berhad (KLSE:GLOTEC) Is Using Debt Reasonably Well
May 18The Return Trends At Globaltec Formation Berhad (KLSE:GLOTEC) Look Promising
Mar 26Is Globaltec Formation Berhad (KLSE:GLOTEC) Using Too Much Debt?
Feb 02Will the Promising Trends At Globaltec Formation Berhad (KLSE:GLOTEC) Continue?
Dec 11Financial Position Analysis
Short Term Liabilities: GLOTEC's short term assets (MYR128.1M) exceed its short term liabilities (MYR73.3M).
Long Term Liabilities: GLOTEC's short term assets (MYR128.1M) exceed its long term liabilities (MYR15.6M).
Debt to Equity History and Analysis
Debt Level: GLOTEC has more cash than its total debt.
Reducing Debt: GLOTEC's debt to equity ratio has reduced from 7.2% to 1.1% over the past 5 years.
Debt Coverage: GLOTEC's debt is well covered by operating cash flow (681.5%).
Interest Coverage: GLOTEC earns more interest than it pays, so coverage of interest payments is not a concern.