TAFI Industries Berhad Balance Sheet Health
Financial Health criteria checks 4/6
TAFI Industries Berhad has a total shareholder equity of MYR87.0M and total debt of MYR36.5M, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are MYR224.2M and MYR137.2M respectively. TAFI Industries Berhad's EBIT is MYR10.3M making its interest coverage ratio 12.9. It has cash and short-term investments of MYR16.8M.
Key information
41.9%
Debt to equity ratio
RM 36.50m
Debt
| Interest coverage ratio | 12.9x |
| Cash | RM 16.81m |
| Equity | RM 87.03m |
| Total liabilities | RM 137.20m |
| Total assets | RM 224.24m |
Financial Position Analysis
Short Term Liabilities: TAFI's short term assets (MYR195.0M) exceed its short term liabilities (MYR122.3M).
Long Term Liabilities: TAFI's short term assets (MYR195.0M) exceed its long term liabilities (MYR14.9M).
Debt to Equity History and Analysis
Debt Level: TAFI's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: TAFI's debt to equity ratio has increased from 3.5% to 41.9% over the past 5 years.
Debt Coverage: TAFI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TAFI's interest payments on its debt are well covered by EBIT (12.9x coverage).