Shin Yang Group Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Shin Yang Group Berhad has a total shareholder equity of MYR1.3B and total debt of MYR73.5M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are MYR1.6B and MYR310.8M respectively. Shin Yang Group Berhad's EBIT is MYR117.2M making its interest coverage ratio -14.2. It has cash and short-term investments of MYR444.4M.
Key information
5.6%
Debt to equity ratio
RM 73.48m
Debt
| Interest coverage ratio | -14.2x |
| Cash | RM 444.40m |
| Equity | RM 1.30b |
| Total liabilities | RM 310.77m |
| Total assets | RM 1.61b |
Recent financial health updates
Is Shin Yang Group Berhad (KLSE:SYGROUP) A Risky Investment?
Aug 13
Is Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) Using Too Much Debt?
Mar 15Is 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
Shin Yang Group Berhad (KLSE:SYGROUP) Could Be Riskier Than It Looks
Sep 25Calculating The Fair Value Of Shin Yang Group Berhad (KLSE:SYGROUP)
Sep 03Is Shin Yang Group Berhad (KLSE:SYGROUP) A Risky Investment?
Aug 13Shin Yang Group Berhad (KLSE:SYGROUP) Is Doing The Right Things To Multiply Its Share Price
Jul 17Shin Yang Group Berhad's (KLSE:SYGROUP) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Jun 10Here'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 (MYR723.2M) exceed its short term liabilities (MYR233.4M).
Long Term Liabilities: SYGROUP's short term assets (MYR723.2M) exceed its long term liabilities (MYR77.4M).
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 31.5% to 5.6% over the past 5 years.
Debt Coverage: SYGROUP's debt is well covered by operating cash flow (188.6%).
Interest Coverage: SYGROUP earns more interest than it pays, so coverage of interest payments is not a concern.