Swift Haulage Berhad Balance Sheet Health
Financial Health criteria checks 2/6
Swift Haulage Berhad has a total shareholder equity of MYR737.1M and total debt of MYR764.3M, which brings its debt-to-equity ratio to 103.7%. Its total assets and total liabilities are MYR1.7B and MYR966.0M respectively. Swift Haulage Berhad's EBIT is MYR64.8M making its interest coverage ratio 1.8. It has cash and short-term investments of MYR45.9M.
Key information
103.7%
Debt to equity ratio
RM 764.30m
Debt
| Interest coverage ratio | 1.8x |
| Cash | RM 45.92m |
| Equity | RM 737.11m |
| Total liabilities | RM 966.01m |
| Total assets | RM 1.70b |
Recent financial health updates
No updates
Recent updates
Swift Haulage Berhad's (KLSE:SWIFT) Solid Profits Have Weak Fundamentals
May 21
Swift Haulage Berhad's (KLSE:SWIFT) Dividend Will Be MYR0.008
Feb 26Swift 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 (MYR359.9M) exceed its short term liabilities (MYR356.0M).
Long Term Liabilities: SWIFT's short term assets (MYR359.9M) do not cover its long term liabilities (MYR610.0M).
Debt to Equity History and Analysis
Debt Level: SWIFT's net debt to equity ratio (97.5%) is considered high.
Reducing Debt: SWIFT's debt to equity ratio has reduced from 116.6% to 103.7% over the past 5 years.
Debt Coverage: SWIFT's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: SWIFT's interest payments on its debt are not well covered by EBIT (1.8x coverage).