Luxchem Corporation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Luxchem Berhad has a total shareholder equity of MYR613.3M and total debt of MYR50.7M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are MYR740.4M and MYR127.1M respectively. Luxchem Berhad's EBIT is MYR60.3M making its interest coverage ratio 23.3. It has cash and short-term investments of MYR252.7M.
Key information
8.3%
Debt to equity ratio
RM50.75m
Debt
Interest coverage ratio | 23.3x |
Cash | RM252.67m |
Equity | RM613.34m |
Total liabilities | RM127.05m |
Total assets | RM740.39m |
Recent financial health updates
Recent updates
Luxchem Corporation Berhad's (KLSE:LUXCHEM) Dividend Is Being Reduced To MYR0.006
Aug 01Luxchem Corporation Berhad (KLSE:LUXCHEM) Has Announced A Dividend Of MYR0.01
Apr 04Should You Be Adding Luxchem Corporation Berhad (KLSE:LUXCHEM) To Your Watchlist Today?
May 05Luxchem Corporation Berhad's (KLSE:LUXCHEM) Solid Earnings May Rest On Weak Foundations
Apr 14Luxchem Corporation Berhad (KLSE:LUXCHEM) Seems To Use Debt Rather Sparingly
Apr 01Luxchem Corporation Berhad's (KLSE:LUXCHEM) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
Mar 14Should You Be Impressed By Luxchem Corporation Berhad's (KLSE:LUXCHEM) Returns on Capital?
Dec 14Does This Valuation Of Luxchem Corporation Berhad (KLSE:LUXCHEM) Imply Investors Are Overpaying?
Nov 29Financial Position Analysis
Short Term Liabilities: LUXCHEM's short term assets (MYR436.4M) exceed its short term liabilities (MYR85.3M).
Long Term Liabilities: LUXCHEM's short term assets (MYR436.4M) exceed its long term liabilities (MYR41.7M).
Debt to Equity History and Analysis
Debt Level: LUXCHEM has more cash than its total debt.
Reducing Debt: LUXCHEM's debt to equity ratio has reduced from 30.6% to 8.3% over the past 5 years.
Debt Coverage: LUXCHEM's debt is well covered by operating cash flow (123.9%).
Interest Coverage: LUXCHEM's interest payments on its debt are well covered by EBIT (23.3x coverage).