ITMAX System Berhad Balance Sheet Health
Financial Health criteria checks 5/6
ITMAX System Berhad has a total shareholder equity of MYR344.0M and total debt of MYR56.2M, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are MYR437.9M and MYR93.9M respectively. ITMAX System Berhad's EBIT is MYR79.1M making its interest coverage ratio -24.6. It has cash and short-term investments of MYR223.8M.
Key information
16.3%
Debt to equity ratio
RM56.24m
Debt
Interest coverage ratio | -24.6x |
Cash | RM223.81m |
Equity | RM344.00m |
Total liabilities | RM93.93m |
Total assets | RM437.94m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ITMAX's short term assets (MYR295.5M) exceed its short term liabilities (MYR44.4M).
Long Term Liabilities: ITMAX's short term assets (MYR295.5M) exceed its long term liabilities (MYR49.5M).
Debt to Equity History and Analysis
Debt Level: ITMAX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ITMAX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ITMAX's debt is well covered by operating cash flow (99.6%).
Interest Coverage: ITMAX earns more interest than it pays, so coverage of interest payments is not a concern.