Nam Cheong Balance Sheet Health
Financial Health criteria checks 5/6
Nam Cheong has a total shareholder equity of MYR438.4M and total debt of MYR480.6M, which brings its debt-to-equity ratio to 109.6%. Its total assets and total liabilities are MYR1.2B and MYR718.2M respectively. Nam Cheong's EBIT is MYR778.9M making its interest coverage ratio 37.5. It has cash and short-term investments of MYR99.1M.
Key information
109.6%
Debt to equity ratio
RM 480.58m
Debt
| Interest coverage ratio | 37.5x |
| Cash | RM 99.05m |
| Equity | RM 438.45m |
| Total liabilities | RM 718.23m |
| Total assets | RM 1.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1MZ's short term assets (MYR473.7M) exceed its short term liabilities (MYR269.6M).
Long Term Liabilities: 1MZ's short term assets (MYR473.7M) exceed its long term liabilities (MYR448.7M).
Debt to Equity History and Analysis
Debt Level: 1MZ's net debt to equity ratio (87%) is considered high.
Reducing Debt: 1MZ had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 1MZ's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 1MZ's interest payments on its debt are well covered by EBIT (37.5x coverage).