Sin-Kung Logistics Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Sin-Kung Logistics Berhad has a total shareholder equity of MYR60.3M and total debt of MYR54.8M, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are MYR138.3M and MYR78.1M respectively. Sin-Kung Logistics Berhad's EBIT is MYR13.2M making its interest coverage ratio 3.6. It has cash and short-term investments of MYR10.7M.
Key information
91.0%
Debt to equity ratio
RM 54.85m
Debt
| Interest coverage ratio | 3.6x |
| Cash | RM 10.75m |
| Equity | RM 60.27m |
| Total liabilities | RM 78.05m |
| Total assets | RM 138.32m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SINKUNG's short term assets (MYR25.6M) exceed its short term liabilities (MYR12.4M).
Long Term Liabilities: SINKUNG's short term assets (MYR25.6M) do not cover its long term liabilities (MYR65.6M).
Debt to Equity History and Analysis
Debt Level: SINKUNG's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: Insufficient data to determine if SINKUNG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SINKUNG's debt is well covered by operating cash flow (21.6%).
Interest Coverage: SINKUNG's interest payments on its debt are well covered by EBIT (3.6x coverage).