Globaltec Formation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Globaltec Formation Berhad has a total shareholder equity of MYR314.0M and total debt of MYR16.3M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are MYR408.4M and MYR94.4M respectively. Globaltec Formation Berhad's EBIT is MYR8.8M making its interest coverage ratio -9. It has cash and short-term investments of MYR82.3M.
Key information
5.2%
Debt to equity ratio
RM 16.34m
Debt
| Interest coverage ratio | -9x |
| Cash | RM 82.35m |
| Equity | RM 313.97m |
| Total liabilities | RM 94.39m |
| Total assets | RM 408.36m |
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 (MYR141.1M) exceed its short term liabilities (MYR64.9M).
Long Term Liabilities: GLOTEC's short term assets (MYR141.1M) exceed its long term liabilities (MYR29.5M).
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 8% to 5.2% over the past 5 years.
Debt Coverage: GLOTEC's debt is well covered by operating cash flow (104.3%).
Interest Coverage: GLOTEC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 00:46 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
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Analyst Sources
Globaltec Formation Berhad is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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