Turbo-Mech Berhad Balance Sheet Health

Financial Health criteria checks 6/6

Turbo-Mech Berhad has a total shareholder equity of MYR127.2M and total debt of MYR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are MYR135.3M and MYR8.1M respectively. Turbo-Mech Berhad's EBIT is MYR4.6M making its interest coverage ratio -11.9. It has cash and short-term investments of MYR60.3M.

Key information

Debt to equity ratio

RM 0

Debt

Interest coverage ratio	-11.9x
Cash	RM 60.31m
Equity	RM 127.22m
Total liabilities	RM 8.06m
Total assets	RM 135.29m

Recent financial health updates

No updates

Recent updates

Turbo-Mech Berhad (KLSE:TURBO) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Feb 16

Should You Be Adding Turbo-Mech Berhad (KLSE:TURBO) To Your Watchlist Today?

Jan 20

Financial Position Analysis

Short Term Liabilities: TURBO's short term assets (MYR84.5M) exceed its short term liabilities (MYR5.2M).

Long Term Liabilities: TURBO's short term assets (MYR84.5M) exceed its long term liabilities (MYR2.8M).

Debt to Equity History and Analysis

Debt Level: TURBO is debt free.

Reducing Debt: TURBO had no debt 5 years ago.

Debt Coverage: TURBO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TURBO has no debt, therefore coverage of interest payments is not a concern.

Turbo-Mech Berhad Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

It's A Story Of Risk Vs Reward With Turbo-Mech Berhad (KLSE:TURBO)

Second quarter 2024 earnings released: EPS: RM0.01 (vs RM0.009 loss in 2Q 2023)

Returns On Capital Signal Tricky Times Ahead For Turbo-Mech Berhad (KLSE:TURBO)

First quarter 2024 earnings released: EPS: RM0.007 (vs RM0.008 in 1Q 2023)

Turbo-Mech Berhad Approves Final Single-Tier Dividend or the Financial Year Ended 31 December 2023

Dividend of RM0.01 announced

Turbo-Mech Berhad, Annual General Meeting, May 28, 2024

Turbo-Mech Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended 31 December 2023, Payable on June 24, 2024

Turbo-Mech Berhad Approves Final Single-Tier Dividend for the Financial Year Ended 31 December 2022

Full year 2023 earnings released: EPS: RM0.026 (vs RM0.016 in FY 2022)

Second quarter 2023 earnings released: RM0.009 loss per share (vs RM0.006 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: RM0.008 (vs RM0 in 1Q 2022)

Turbo-Mech Berhad Approves Final Single-Tier Dividend for the Financial Year Ended 31 December 2022

Full year 2022 earnings released: EPS: RM0.016 (vs RM0.047 in FY 2021)

Third quarter 2022 earnings released: EPS: RM0.019 (vs RM0.022 in 3Q 2021)

Returns On Capital At Turbo-Mech Berhad (KLSE:TURBO) Have Hit The Brakes

Turbo-Mech Berhad Announces Appointment of PUAN NURUL AIN BINTI KHIRUL ASHAR as Independent and Non Executive Director

Second quarter 2022 earnings released

Upcoming dividend of RM0.02 per share

Turbo-Mech Berhad's (KLSE:TURBO) Solid Profits Have Weak Fundamentals

First quarter 2022 earnings released: EPS: RM0 (vs RM0.005 loss in 1Q 2021)

Turbo-Mech Berhad (KLSE:TURBO) Is Due To Pay A Dividend Of RM0.02

Turbo-Mech Berhad, Annual General Meeting, May 23, 2022

Turbo-Mech Berhad Announces Final Single-Tier Dividend for the Financial Year Ended December 31, 2021, Payable on June 22, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Turbo-Mech Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended 31 December 2021

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2021 earnings released: EPS RM0.003 (vs RM0.007 in 2Q 2020)

Returns On Capital At Turbo-Mech Berhad (KLSE:TURBO) Have Hit The Brakes

Senior Independent Non Executive Director Azhar Mohamad has left the company

Upcoming dividend of RM0.02 per share

First quarter 2021 earnings released: RM0.005 loss per share (vs RM0.017 profit in 1Q 2020)

Turbo-Mech Berhad Announces Reclassification of Proposed Final Dividend to Interim Single-Tier Dividend for the Financial Year Ended December 31, 2020, Payable on June 22, 2021

Should You Be Adding Turbo-Mech Berhad (KLSE:TURBO) To Your Watchlist Today?

Full year 2020 earnings released: EPS RM0.05 (vs RM0.028 in FY 2019)

Does Turbo-Mech Berhad (KLSE:TURBO) Have A Place In Your Dividend Portfolio?

Will Turbo-Mech Berhad (KLSE:TURBO) Multiply In Value Going Forward?

Full year 2020 earnings released: EPS RM0.05 (vs RM0.028 in FY 2019)

Turbo-Mech Berhad (KLSE:TURBO) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Investor sentiment improved over the past week

New 90-day high: RM1.02

Should You Be Adding Turbo-Mech Berhad (KLSE:TURBO) To Your Watchlist Today?

New 90-day high: RM0.75

New 90-day high: RM0.71

Upcoming Dividend of RM0.01 Per Share

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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