Swift Haulage Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Swift Haulage Berhad has a total shareholder equity of MYR706.5M and total debt of MYR766.8M, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are MYR1.7B and MYR1.0B respectively. Swift Haulage Berhad's EBIT is MYR103.1M making its interest coverage ratio 3. It has cash and short-term investments of MYR159.2M.
Key information
108.5%
Debt to equity ratio
RM766.83m
Debt
| Interest coverage ratio | 3x |
| Cash | RM159.19m |
| Equity | RM706.52m |
| Total liabilities | RM1.01b |
| Total assets | RM1.72b |
Recent financial health updates
No updates
Recent updates
Swift Haulage Berhad's (KLSE:SWIFT) Dividend Will Be MYR0.008
Feb 26
Swift Haulage Berhad (KLSE:SWIFT) Is Paying Out Less In Dividends Than Last Year
Aug 21Swift Haulage Berhad (KLSE:SWIFT) Strong Profits May Be Masking Some Underlying Issues
Mar 06Swift Haulage Berhad Just Missed Earnings - But Analysts Have Updated Their Models
Mar 01Financial Position Analysis
Short Term Liabilities: SWIFT's short term assets (MYR438.6M) exceed its short term liabilities (MYR419.5M).
Long Term Liabilities: SWIFT's short term assets (MYR438.6M) do not cover its long term liabilities (MYR594.4M).
Debt to Equity History and Analysis
Debt Level: SWIFT's net debt to equity ratio (86%) is considered high.
Reducing Debt: SWIFT's debt to equity ratio has reduced from 152.4% to 108.5% over the past 5 years.
Debt Coverage: SWIFT's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: SWIFT's interest payments on its debt are well covered by EBIT (3x coverage).