Harrisons Holdings (Malaysia) Bhd

Harrisons Holdings (Malaysia) Bhd maintains a liquidity position with a current ratio of 1.86, indicating the company can cover its short-term liabilities with its short-term assets. The company's liquidity_fpt score suggests a medium liquidity risk, with net cash being negative after subtracting total debt. The company's debt-to-equity ratio of 0.52 reflects a moderate leverage position, with long-term debt amounting to MYR 249.58 million against total equity of MYR 478.43 million. In terms of profitability, the company's return on equity (ROE) of 8.88% and return on assets (ROA) of 4.28% are below the industry_config preferred metrics for the Food Retail & Distribution industry, suggesting that the company is underperforming relative to its peers in generating returns from equity and assets. The operating margin of 3.00% (calculated as operating income of MYR 66.45 million divided by revenue of MYR 2.22 billion) is also below the median for the industry, indicating lower operational efficiency. The company's revenue is distributed across four segments: Trading and Distribution, Retailing, Shipping, and Others. The Trading and Distribution segment is the largest contributor, encompassing fast-moving consumer goods, building materials, and industrial and agricultural chemical products. The Retailing segment focuses on retailing Famous Amos Cookies in Singapore and wholesaling Komonoya products. The Shipping and Others segment includes shipping agency commissions, insurance agency commissions, and travel agency commissions. The company's geographic exposure is primarily in Malaysia and Singapore, with no significant international diversification. The company's growth trajectory is modest, with revenue of MYR 2.22 billion in the latest period. The outlook for the current fiscal year (FY) and the next FY is not explicitly provided, but the company's capital expenditure of MYR -18.63 million suggests a focus on cost management rather than expansion. The company's free cash flow of MYR 24.11 million indicates that it is generating positive cash from operations after capital expenditures, which can be used for debt repayment or shareholder returns. The risk assessment for Harrisons Holdings (Malaysia) Bhd indicates a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could limit its ability to fund operations or investments without external financing. The dilution risk is low, with no significant dilution potential in the basic shares outstanding. The company's risk profile is further influenced by its exposure to the retail and distribution sectors, which are sensitive to economic cycles and consumer spending patterns. Recent events and filings for Harrisons Holdings (Malaysia) Bhd do not indicate any significant changes in the company's operations or financial position. The company's latest financial snapshot shows a stable revenue and profit margin, with no major disruptions reported in the latest period. The company's focus on cost management and maintaining a moderate debt level suggests a conservative approach to financial risk.