Shin Yang Group Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Shin Yang Group Berhad has a total shareholder equity of MYR1.2B and total debt of MYR62.3M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are MYR1.6B and MYR314.2M respectively. Shin Yang Group Berhad's EBIT is MYR136.1M making its interest coverage ratio -31.6. It has cash and short-term investments of MYR378.3M.
Key information
5.0%
Debt to equity ratio
RM62.27m
Debt
| Interest coverage ratio | -31.6x |
| Cash | RM378.33m |
| Equity | RM1.24b |
| Total liabilities | RM314.22m |
| Total assets | RM1.55b |
Recent financial health updates
Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
Mar 15
Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) A Risky Investment?
Jun 01Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
Oct 08Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
May 12We Think Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Has A Fair Chunk Of Debt
Jan 19Recent updates
Here's Why We Think Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Might Deserve Your Attention Today
May 09Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Is Looking To Continue Growing Its Returns On Capital
Apr 05Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
Mar 15Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Shareholders Will Want The ROCE Trajectory To Continue
Dec 01Here's Why We Think Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Might Deserve Your Attention Today
Oct 18Investors Will Want Shin Yang Shipping Corporation Berhad's (KLSE:SYSCORP) Growth In ROCE To Persist
Aug 30Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) A Risky Investment?
Jun 01Shin Yang Shipping Corporation Berhad's (KLSE:SYSCORP) Robust Earnings Are Supported By Other Strong Factors
Mar 07Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Shareholders Will Want The ROCE Trajectory To Continue
Jan 26Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
Oct 08Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
May 12Shareholders Are Thrilled That The Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Share Price Increased 116%
Mar 12We Think Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Has A Fair Chunk Of Debt
Jan 19A Look At Shin Yang Shipping Corporation Berhad's (KLSE:SYSCORP) Share Price Returns
Nov 24Financial Position Analysis
Short Term Liabilities: SYGROUP's short term assets (MYR644.0M) exceed its short term liabilities (MYR231.7M).
Long Term Liabilities: SYGROUP's short term assets (MYR644.0M) exceed its long term liabilities (MYR82.5M).
Debt to Equity History and Analysis
Debt Level: SYGROUP has more cash than its total debt.
Reducing Debt: SYGROUP's debt to equity ratio has reduced from 28.3% to 5% over the past 5 years.
Debt Coverage: SYGROUP's debt is well covered by operating cash flow (243.6%).
Interest Coverage: SYGROUP earns more interest than it pays, so coverage of interest payments is not a concern.