Timah Resources Balance Sheet Health
Financial Health criteria checks 3/6
Timah Resources has a total shareholder equity of MYR23.0M and total debt of MYR22.7M, which brings its debt-to-equity ratio to 98.6%. Its total assets and total liabilities are MYR54.1M and MYR31.1M respectively.
Key information
98.6%
Debt to equity ratio
RM22.69m
Debt
Interest coverage ratio | n/a |
Cash | RM7.36m |
Equity | RM23.01m |
Total liabilities | RM31.14m |
Total assets | RM54.15m |
Recent financial health updates
Timah Resources (ASX:TML) Has Debt But No Earnings; Should You Worry?
Sep 16Timah Resources (ASX:TML) Seems To Be Using A Lot Of Debt
Mar 30Timah Resources (ASX:TML) Takes On Some Risk With Its Use Of Debt
Oct 26These 4 Measures Indicate That Timah Resources (ASX:TML) Is Using Debt Extensively
May 12Recent updates
Timah Resources (ASX:TML) Has Debt But No Earnings; Should You Worry?
Sep 16Timah Resources (ASX:TML) Is Looking To Continue Growing Its Returns On Capital
Jun 03Timah Resources (ASX:TML) Seems To Be Using A Lot Of Debt
Mar 30Returns Are Gaining Momentum At Timah Resources (ASX:TML)
Dec 18Timah Resources (ASX:TML) Takes On Some Risk With Its Use Of Debt
Oct 26These 4 Measures Indicate That Timah Resources (ASX:TML) Is Using Debt Extensively
May 12A Look At The Intrinsic Value Of Timah Resources Limited (ASX:TML)
Jan 13Financial Position Analysis
Short Term Liabilities: TML's short term assets (MYR8.5M) exceed its short term liabilities (MYR726.0K).
Long Term Liabilities: TML's short term assets (MYR8.5M) do not cover its long term liabilities (MYR30.4M).
Debt to Equity History and Analysis
Debt Level: TML's net debt to equity ratio (66.6%) is considered high.
Reducing Debt: TML's debt to equity ratio has reduced from 346.9% to 98.6% over the past 5 years.
Debt Coverage: TML's debt is well covered by operating cash flow (22.4%).
Interest Coverage: Insufficient data to determine if TML's interest payments on its debt are well covered by EBIT.