Founder Group Balance Sheet Health
Financial Health criteria checks 3/6
Founder Group has a total shareholder equity of MYR14.8M and total debt of MYR24.7M, which brings its debt-to-equity ratio to 167.1%. Its total assets and total liabilities are MYR83.9M and MYR69.1M respectively. Founder Group's EBIT is MYR10.9M making its interest coverage ratio 8.8. It has cash and short-term investments of MYR5.6M.
Key information
167.1%
Debt to equity ratio
RM 24.71m
Debt
| Interest coverage ratio | 8.8x |
| Cash | RM 5.60m |
| Equity | RM 14.79m |
| Total liabilities | RM 69.08m |
| Total assets | RM 83.87m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: FGL's short term assets (MYR82.0M) exceed its short term liabilities (MYR68.2M).
Long Term Liabilities: FGL's short term assets (MYR82.0M) exceed its long term liabilities (MYR885.1K).
Debt to Equity History and Analysis
Debt Level: FGL's net debt to equity ratio (129.2%) is considered high.
Reducing Debt: Insufficient data to determine if FGL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FGL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FGL's interest payments on its debt are well covered by EBIT (8.8x coverage).