Vsolar Group Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Vsolar Group Berhad has a total shareholder equity of MYR91.6M and total debt of MYR14.0K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are MYR93.9M and MYR2.2M respectively. Vsolar Group Berhad's EBIT is MYR4.5M making its interest coverage ratio -12.2. It has cash and short-term investments of MYR24.9M.
Key information
0.02%
Debt to equity ratio
RM14.00k
Debt
| Interest coverage ratio | -12.2x |
| Cash | RM24.92m |
| Equity | RM91.64m |
| Total liabilities | RM2.22m |
| Total assets | RM93.87m |
Financial Position Analysis
Short Term Liabilities: VSOLAR's short term assets (MYR37.5M) exceed its short term liabilities (MYR1.1M).
Long Term Liabilities: VSOLAR's short term assets (MYR37.5M) exceed its long term liabilities (MYR1.2M).
Debt to Equity History and Analysis
Debt Level: VSOLAR has more cash than its total debt.
Reducing Debt: VSOLAR's debt to equity ratio has increased from 0% to 0.02% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable VSOLAR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VSOLAR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7.9% per year.