Mega First Corporation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Mega First Berhad has a total shareholder equity of MYR3.5B and total debt of MYR1.0B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are MYR5.0B and MYR1.5B respectively. Mega First Berhad's EBIT is MYR592.0M making its interest coverage ratio 11.2. It has cash and short-term investments of MYR611.1M.
Key information
29.7%
Debt to equity ratio
RM 1.04b
Debt
| Interest coverage ratio | 11.2x |
| Cash | RM 611.14m |
| Equity | RM 3.51b |
| Total liabilities | RM 1.53b |
| Total assets | RM 5.04b |
Recent financial health updates
Mega First Corporation Berhad (KLSE:MFCB) Has A Rock Solid Balance Sheet
Aug 05
Mega First Corporation Berhad (KLSE:MFCB) Seems To Use Debt Rather Sparingly
Apr 18We Think Mega First Corporation Berhad (KLSE:MFCB) Can Stay On Top Of Its Debt
May 18Is Mega First Corporation Berhad (KLSE:MFCB) A Risky Investment?
Feb 15Recent updates
Mega First Corporation Berhad (KLSE:MFCB) Is Experiencing Growth In Returns On Capital
Oct 23Mega First Corporation Berhad (KLSE:MFCB) Has A Rock Solid Balance Sheet
Aug 05Mega First Corporation Berhad's (KLSE:MFCB) Business And Shares Still Trailing The Market
Jul 04Mega First Corporation Berhad (KLSE:MFCB) Seems To Use Debt Rather Sparingly
Apr 18Investors Met With Slowing Returns on Capital At Mega First Corporation Berhad (KLSE:MFCB)
Jun 14At RM7.39, Is Mega First Corporation Berhad (KLSE:MFCB) Worth Looking At Closely?
May 31We Think Mega First Corporation Berhad (KLSE:MFCB) Can Stay On Top Of Its Debt
May 18Here's Why I Think Mega First Corporation Berhad (KLSE:MFCB) Might Deserve Your Attention Today
May 05Should You Be Impressed By Mega First Corporation Berhad's (KLSE:MFCB) Returns on Capital?
Mar 15Shareholders of Mega First Corporation Berhad (KLSE:MFCB) Must Be Delighted With Their 332% Total Return
Mar 01Is Mega First Corporation Berhad (KLSE:MFCB) A Risky Investment?
Feb 15Here's Why I Think Mega First Corporation Berhad (KLSE:MFCB) Is An Interesting Stock
Feb 03Should You Rely On Mega First Corporation Berhad's (KLSE:MFCB) Earnings Growth?
Jan 22Will Weakness in Mega First Corporation Berhad's (KLSE:MFCB) Stock Prove Temporary Given Strong Fundamentals?
Jan 10Here's What Mega First Corporation Berhad's (KLSE:MFCB) Shareholder Ownership Structure Looks Like
Dec 28What Do The Returns On Capital At Mega First Corporation Berhad (KLSE:MFCB) Tell Us?
Dec 14
Estimating The Intrinsic Value Of Mega First Corporation Berhad (KLSE:MFCB)
Dec 02Did You Participate In Any Of Mega First Corporation Berhad's (KLSE:MFCB) Fantastic 250% Return ?
Nov 20Financial Position Analysis
Short Term Liabilities: MFCB's short term assets (MYR1.3B) exceed its short term liabilities (MYR791.9M).
Long Term Liabilities: MFCB's short term assets (MYR1.3B) exceed its long term liabilities (MYR739.2M).
Debt to Equity History and Analysis
Debt Level: MFCB's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: MFCB's debt to equity ratio has reduced from 47.5% to 29.7% over the past 5 years.
Debt Coverage: MFCB's debt is well covered by operating cash flow (56.7%).
Interest Coverage: MFCB's interest payments on its debt are well covered by EBIT (11.2x coverage).