TAS Offshore Berhad Balance Sheet Health
Financial Health criteria checks 5/6
TAS Offshore Berhad has a total shareholder equity of MYR107.3M and total debt of MYR11.1M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are MYR200.3M and MYR93.0M respectively. TAS Offshore Berhad's EBIT is MYR20.1M making its interest coverage ratio -103.2. It has cash and short-term investments of MYR22.0M.
Key information
10.4%
Debt to equity ratio
RM 11.12m
Debt
| Interest coverage ratio | -103.2x |
| Cash | RM 21.95m |
| Equity | RM 107.28m |
| Total liabilities | RM 92.98m |
| Total assets | RM 200.26m |
Recent financial health updates
TAS Offshore Berhad (KLSE:TAS) Has A Somewhat Strained Balance Sheet
Oct 29
These 4 Measures Indicate That TAS Offshore Berhad (KLSE:TAS) Is Using Debt Reasonably Well
Jul 28TAS Offshore Berhad (KLSE:TAS) Has A Pretty Healthy Balance Sheet
Dec 24Is TAS Offshore Berhad (KLSE:TAS) A Risky Investment?
Jul 28Is TAS Offshore Berhad (KLSE:TAS) Using Too Much Debt?
Apr 13TAS Offshore Berhad (KLSE:TAS) Is Carrying A Fair Bit Of Debt
Dec 29Recent updates
Fewer Investors Than Expected Jumping On TAS Offshore Berhad (KLSE:TAS)
Oct 24Why TAS Offshore Berhad's (KLSE:TAS) Shaky Earnings Are Just The Beginning Of Its Problems
Aug 01After Leaping 43% TAS Offshore Berhad (KLSE:TAS) Shares Are Not Flying Under The Radar
May 05Is There Now An Opportunity In TAS Offshore Berhad (KLSE:TAS)?
Apr 26We Think That There Are Issues Underlying TAS Offshore Berhad's (KLSE:TAS) Earnings
Jan 24TAS Offshore Berhad (KLSE:TAS) Stock Rockets 33% But Many Are Still Ignoring The Company
Jan 22Returns On Capital Are Showing Encouraging Signs At TAS Offshore Berhad (KLSE:TAS)
Jan 18Why TAS Offshore Berhad (KLSE:TAS) Could Be Worth Watching
Dec 22TAS Offshore Berhad (KLSE:TAS) Has A Somewhat Strained Balance Sheet
Oct 29These 4 Measures Indicate That TAS Offshore Berhad (KLSE:TAS) Is Using Debt Reasonably Well
Jul 28TAS Offshore Berhad (KLSE:TAS) Is Experiencing Growth In Returns On Capital
Jun 15Shareholders Will Be Pleased With The Quality of TAS Offshore Berhad's (KLSE:TAS) Earnings
Jan 24TAS Offshore Berhad (KLSE:TAS) Has A Pretty Healthy Balance Sheet
Dec 24There's Been No Shortage Of Growth Recently For TAS Offshore Berhad's (KLSE:TAS) Returns On Capital
Oct 08Calculating The Intrinsic Value Of TAS Offshore Berhad (KLSE:TAS)
Sep 03Is TAS Offshore Berhad (KLSE:TAS) A Risky Investment?
Jul 28Is TAS Offshore Berhad (KLSE:TAS) Using Too Much Debt?
Apr 13TAS Offshore Berhad (KLSE:TAS) Is Carrying A Fair Bit Of Debt
Dec 29Financial Position Analysis
Short Term Liabilities: TAS's short term assets (MYR147.1M) exceed its short term liabilities (MYR89.2M).
Long Term Liabilities: TAS's short term assets (MYR147.1M) exceed its long term liabilities (MYR3.8M).
Debt to Equity History and Analysis
Debt Level: TAS has more cash than its total debt.
Reducing Debt: TAS's debt to equity ratio has reduced from 14.8% to 10.4% over the past 5 years.
Debt Coverage: TAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TAS earns more interest than it pays, so coverage of interest payments is not a concern.