Luxchem Corporation Berhad Balance Sheet Health

Financial Health criteria checks 6/6

Luxchem Berhad has a total shareholder equity of MYR628.1M and total debt of MYR60.3M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are MYR754.5M and MYR126.4M respectively. Luxchem Berhad's EBIT is MYR71.3M making its interest coverage ratio 26.9. It has cash and short-term investments of MYR240.9M.

Key information

9.6%

Debt to equity ratio

RM 60.33m

Debt

Interest coverage ratio	26.9x
Cash	RM 240.86m
Equity	RM 628.13m
Total liabilities	RM 126.41m
Total assets	RM 754.54m

Recent financial health updates

Luxchem Corporation Berhad (KLSE:LUXCHEM) Seems To Use Debt Rather Sparingly

Apr 01

Recent updates

Luxchem Corporation Berhad's (KLSE:LUXCHEM) Dividend Is Being Reduced To MYR0.006

Aug 01

Luxchem Corporation Berhad (KLSE:LUXCHEM) Has Announced A Dividend Of MYR0.01

Apr 04

Should You Be Adding Luxchem Corporation Berhad (KLSE:LUXCHEM) To Your Watchlist Today?

May 05

Luxchem Corporation Berhad's (KLSE:LUXCHEM) Solid Earnings May Rest On Weak Foundations

Apr 14

Luxchem Corporation Berhad (KLSE:LUXCHEM) Seems To Use Debt Rather Sparingly

Apr 01

Luxchem Corporation Berhad's (KLSE:LUXCHEM) Stock Has Shown A Decent Performance: Have Financials A Role To Play?

Mar 14

Should You Be Impressed By Luxchem Corporation Berhad's (KLSE:LUXCHEM) Returns on Capital?

Dec 14

Does This Valuation Of Luxchem Corporation Berhad (KLSE:LUXCHEM) Imply Investors Are Overpaying?

Nov 29

Financial Position Analysis

Short Term Liabilities: LUXCHEM's short term assets (MYR457.3M) exceed its short term liabilities (MYR88.1M).

Long Term Liabilities: LUXCHEM's short term assets (MYR457.3M) exceed its long term liabilities (MYR38.3M).

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 21.1% to 9.6% over the past 5 years.

Debt Coverage: LUXCHEM's debt is well covered by operating cash flow (45.4%).

Interest Coverage: LUXCHEM's interest payments on its debt are well covered by EBIT (26.9x coverage).

Luxchem Corporation Berhad Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Luxchem Corporation Berhad (KLSE:LUXCHEM) Seems To Use Debt Rather Sparingly

Recent updates

Third quarter 2024 earnings released: EPS: RM0.006 (vs RM0.008 in 3Q 2023)

First half dividend of RM0.008 announced

New major risk - Revenue and earnings growth

Luxchem Corporation Berhad Announces Resignation of Tan Boon Chai as Chief Operating Officer, Effective June 30, 2024

First quarter 2024 earnings released: EPS: RM0.011 (vs RM0.007 in 1Q 2023)

Luxchem Corporation Berhad, Annual General Meeting, May 23, 2024

Full year 2023 earnings released: EPS: RM0.035 (vs RM0.043 in FY 2022)

Luxchem Corporation Berhad Announces Appointment of Tan Bee Hwee as Company Secretary

Third quarter 2023 earnings released: EPS: RM0.009 (vs RM0.008 in 3Q 2022)

Luxchem Corporation Berhad's (KLSE:LUXCHEM) Dividend Is Being Reduced To MYR0.006

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: RM0.009 (vs RM0.017 in 2Q 2022)

Full year 2022 earnings released: EPS: RM0.043 (vs RM0.068 in FY 2021)

Upcoming dividend of RM0.01 per share at 4.1% yield

Luxchem Corporation Berhad (KLSE:LUXCHEM) Has Announced A Dividend Of MYR0.01

Insufficient new directors

Full year 2022 earnings released: EPS: RM0.043 (vs RM0.068 in FY 2021)

Luxchem Corporation Berhad Declares Single Tier Interim Dividend, Payable on May 12, 2023

Third quarter 2022 earnings released: EPS: RM0.008 (vs RM0.015 in 3Q 2021)

Upcoming dividend of RM0.01 per share

Second quarter 2022 earnings released: EPS: RM0.017 (vs RM0.017 in 2Q 2021)

Luxchem Corporation Berhad Declares Single Tier First Interim Dividend, Payable on 15 September 2022

Luxchem Corporation Berhad Appoints Tan Boon Chai as Chief Operating Officer, Effective May 1, 2022

First quarter 2022 earnings released: EPS: RM0.015 (vs RM0.022 in 1Q 2021)

Price target decreased to RM0.88

Full year 2021 earnings released: EPS: RM0.068 (vs RM0.053 in FY 2020)

Luxchem Corporation Berhad, Annual General Meeting, May 26, 2022

Upcoming dividend of RM0.01 per share

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Luxchem Corporation Berhad Declares Single Tier Third Interim Dividend in Respect of the Financial Year Ending 31 December 2021, Payable on 13 May 2022

Third quarter 2021 earnings released: EPS RM0.014 (vs RM0.016 in 3Q 2020)

Luxchem Corporation Berhad (KLSE:LUXCHEM) completed the acquisition of 55% stake in Lexis Chemical Sdn Bhd, Lexis Specialties Sdn Bhd and Lexis Corporation Sdn Bhd from Chuah Kim Piew and Lee Juinn Yong.

Senior Manager of Finance & Company Secretary Harn Ng has left the company

Second quarter 2021 earnings released: EPS RM0.016 (vs RM0.008 in 2Q 2020)

Should You Be Adding Luxchem Corporation Berhad (KLSE:LUXCHEM) To Your Watchlist Today?

Price target increased to RM1.04

Luxchem Corporation Berhad's (KLSE:LUXCHEM) Solid Earnings May Rest On Weak Foundations

Full year 2020 earnings released: EPS RM0.053 (vs RM0.043 in FY 2019)

Upcoming dividend of RM0.02 per share

Luxchem Corporation Berhad (KLSE:LUXCHEM) Seems To Use Debt Rather Sparingly

Luxchem Corporation Berhad's (KLSE:LUXCHEM) Stock Has Shown A Decent Performance: Have Financials A Role To Play?

Full year 2020 earnings released: EPS RM0.054 (vs RM0.043 in FY 2019)

Earnings beat expectations, revenue disappoints

New 90-day low: RM0.75

Luxchem Corporation Berhad (KLSE:LUXCHEM) entered into a heads of agreement to acquire 55% stake in Lexis Chemical Sdn Bhd, Lexis Specialties Sdn Bhd and Lexis Corporation Sdn Bhd from Chuah Kim Piew and Lee Juinn Yong for MYR 121 million.

Luxchem Corporation Berhad announced a financing transaction

Should You Be Impressed By Luxchem Corporation Berhad's (KLSE:LUXCHEM) Returns on Capital?

Does This Valuation Of Luxchem Corporation Berhad (KLSE:LUXCHEM) Imply Investors Are Overpaying?

Analysts update estimates

Third quarter earnings released

Luxchem Corporation Bhd (KLSE:LUXCHEM) entered into a heads of agreement to acquire Transform Master SDN BHD from Lee Pei Pei, Lee Chee Sian, Pok Jiun Lim and Oh Wei Wah for approximately MYR 45.46 million.

New 90-day high - RM1.27

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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