Top Glove Corporation Bhd Balance Sheet Health
Financial Health criteria checks 5/6
Top Glove Bhd has a total shareholder equity of MYR5.8B and total debt of MYR530.2M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are MYR7.0B and MYR1.2B respectively.
Key information
9.1%
Debt to equity ratio
RM530.18m
Debt
| Interest coverage ratio | n/a |
| Cash | RM935.50m |
| Equity | RM5.83b |
| Total liabilities | RM1.17b |
| Total assets | RM7.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGLV.Y's short term assets (MYR1.8B) exceed its short term liabilities (MYR984.9M).
Long Term Liabilities: TGLV.Y's short term assets (MYR1.8B) exceed its long term liabilities (MYR183.7M).
Debt to Equity History and Analysis
Debt Level: TGLV.Y has more cash than its total debt.
Reducing Debt: TGLV.Y's debt to equity ratio has reduced from 86.6% to 9.1% over the past 5 years.
Debt Coverage: TGLV.Y's debt is well covered by operating cash flow (41.1%).
Interest Coverage: Insufficient data to determine if TGLV.Y's interest payments on its debt are well covered by EBIT.