Nam Cheong Balance Sheet Health
Financial Health criteria checks 1/6
Nam Cheong has a total shareholder equity of MYR-530.9M and total debt of MYR1.0B, which brings its debt-to-equity ratio to -197.4%. Its total assets and total liabilities are MYR899.3M and MYR1.4B respectively. Nam Cheong's EBIT is MYR158.2M making its interest coverage ratio 6. It has cash and short-term investments of MYR69.2M.
Key information
-197.4%
Debt to equity ratio
RM1.05b
Debt
Interest coverage ratio | 6x |
Cash | RM69.17m |
Equity | -RM530.93m |
Total liabilities | RM1.43b |
Total assets | RM899.25m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1MZ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 1MZ has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1MZ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 1MZ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 1MZ's debt is not well covered by operating cash flow (3.5%).
Interest Coverage: 1MZ's interest payments on its debt are well covered by EBIT (6x coverage).