TAS Offshore Berhad Balance Sheet Health
Financial Health criteria checks 5/6
TAS Offshore Berhad has a total shareholder equity of MYR103.9M and total debt of MYR3.0M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are MYR160.8M and MYR56.9M respectively. TAS Offshore Berhad's EBIT is MYR29.6M making its interest coverage ratio -260.3. It has cash and short-term investments of MYR12.8M.
Key information
2.9%
Debt to equity ratio
RM3.02m
Debt
| Interest coverage ratio | -260.3x |
| Cash | RM12.84m |
| Equity | RM103.93m |
| Total liabilities | RM56.87m |
| Total assets | RM160.80m |
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
Is 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 (MYR104.0M) exceed its short term liabilities (MYR53.2M).
Long Term Liabilities: TAS's short term assets (MYR104.0M) exceed its long term liabilities (MYR3.7M).
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 20.1% to 2.9% 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.