Texchem Resources Bhd Balance Sheet Health
Financial Health criteria checks 1/6
Texchem Resources Bhd has a total shareholder equity of MYR191.3M and total debt of MYR219.9M, which brings its debt-to-equity ratio to 114.9%. Its total assets and total liabilities are MYR762.9M and MYR571.6M respectively. Texchem Resources Bhd's EBIT is MYR26.6M making its interest coverage ratio 1.3. It has cash and short-term investments of MYR85.1M.
Key information
114.9%
Debt to equity ratio
RM 219.90m
Debt
| Interest coverage ratio | 1.3x |
| Cash | RM 85.06m |
| Equity | RM 191.34m |
| Total liabilities | RM 571.59m |
| Total assets | RM 762.93m |
Recent financial health updates
Here's Why Texchem Resources Bhd (KLSE:TEXCHEM) Can Manage Its Debt Responsibly
Feb 20
Here's Why Texchem Resources Bhd (KLSE:TEXCHEM) Can Manage Its Debt Responsibly
Sep 02Texchem Resources Bhd (KLSE:TEXCHEM) Has A Pretty Healthy Balance Sheet
Jun 01Does Texchem Resources Bhd (KLSE:TEXCHEM) Have A Healthy Balance Sheet?
Jan 27Is Texchem Resources Bhd (KLSE:TEXCHEM) Using Too Much Debt?
Oct 13Is Texchem Resources Bhd (KLSE:TEXCHEM) A Risky Investment?
Apr 16Recent updates
It's A Story Of Risk Vs Reward With Texchem Resources Bhd (KLSE:TEXCHEM)
Jan 04Texchem Resources Bhd (KLSE:TEXCHEM) Has Some Way To Go To Become A Multi-Bagger
Nov 02At RM1.18, Is Texchem Resources Bhd (KLSE:TEXCHEM) Worth Looking At Closely?
Jun 24Downgrade: Here's How This Analyst Sees Texchem Resources Bhd (KLSE:TEXCHEM) Performing In The Near Term
May 23Here's Why Texchem Resources Bhd (KLSE:TEXCHEM) Can Manage Its Debt Responsibly
Feb 20Investors Will Want Texchem Resources Bhd's (KLSE:TEXCHEM) Growth In ROCE To Persist
Jan 18Is Now The Time To Put Texchem Resources Bhd (KLSE:TEXCHEM) On Your Watchlist?
Oct 22Is It Time To Consider Buying Texchem Resources Bhd (KLSE:TEXCHEM)?
Sep 29Here's Why Texchem Resources Bhd (KLSE:TEXCHEM) Can Manage Its Debt Responsibly
Sep 02Texchem Resources Bhd (KLSE:TEXCHEM) Has Some Way To Go To Become A Multi-Bagger
Jul 22What Does Texchem Resources Bhd's (KLSE:TEXCHEM) Share Price Indicate?
Jun 15Texchem Resources Bhd (KLSE:TEXCHEM) Has A Pretty Healthy Balance Sheet
Jun 01Texchem Resources Bhd's (KLSE:TEXCHEM) 47% Jump Shows Its Popularity With Investors
May 20Is Now The Time To Put Texchem Resources Bhd (KLSE:TEXCHEM) On Your Watchlist?
May 04Returns At Texchem Resources Bhd (KLSE:TEXCHEM) Are On The Way Up
Mar 21Does Texchem Resources Bhd (KLSE:TEXCHEM) Have A Healthy Balance Sheet?
Jan 27Is Texchem Resources Bhd (KLSE:TEXCHEM) Using Too Much Debt?
Oct 13Why Texchem Resources Bhd's (KLSE:TEXCHEM) Earnings Are Better Than They Seem
May 07Is Texchem Resources Bhd (KLSE:TEXCHEM) A Risky Investment?
Apr 16Is Texchem Resources Bhd (KLSE:TEXCHEM) Using Too Much Debt?
Dec 31
Financial Position Analysis
Short Term Liabilities: TEXCHEM's short term assets (MYR352.5M) do not cover its short term liabilities (MYR353.4M).
Long Term Liabilities: TEXCHEM's short term assets (MYR352.5M) exceed its long term liabilities (MYR218.2M).
Debt to Equity History and Analysis
Debt Level: TEXCHEM's net debt to equity ratio (70.5%) is considered high.
Reducing Debt: TEXCHEM's debt to equity ratio has increased from 62.8% to 114.9% over the past 5 years.
Debt Coverage: TEXCHEM's debt is not well covered by operating cash flow (17%).
Interest Coverage: TEXCHEM's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:40 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Texchem Resources Bhd is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lee Horng | RHB Investment Bank |
| Yu Tai | RHB Investment Bank |