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 ration/a
CashRM7.36m
EquityRM23.01m
Total liabilitiesRM31.14m
Total assetsRM54.15m

Recent financial health updates

Recent updates

Timah Resources (ASX:TML) Has Debt But No Earnings; Should You Worry?

Sep 16
Timah Resources (ASX:TML) Has Debt But No Earnings; Should You Worry?

Timah Resources (ASX:TML) Is Looking To Continue Growing Its Returns On Capital

Jun 03
Timah Resources (ASX:TML) Is Looking To Continue Growing Its Returns On Capital

Timah Resources (ASX:TML) Seems To Be Using A Lot Of Debt

Mar 30
Timah Resources (ASX:TML) Seems To Be Using A Lot Of Debt

Returns Are Gaining Momentum At Timah Resources (ASX:TML)

Dec 18
Returns Are Gaining Momentum At Timah Resources (ASX:TML)

Timah Resources (ASX:TML) Takes On Some Risk With Its Use Of Debt

Oct 26
Timah Resources (ASX:TML) Takes On Some Risk With Its Use Of Debt

These 4 Measures Indicate That Timah Resources (ASX:TML) Is Using Debt Extensively

May 12
These 4 Measures Indicate That Timah Resources (ASX:TML) Is Using Debt Extensively

A Look At The Intrinsic Value Of Timah Resources Limited (ASX:TML)

Jan 13
A Look At The Intrinsic Value Of Timah Resources Limited (ASX:TML)

Financial 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.


Balance Sheet


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