TAFI Industries Berhad Balance Sheet Health
Financial Health criteria checks 5/6
TAFI Industries Berhad has a total shareholder equity of MYR80.3M and total debt of MYR13.8M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are MYR181.1M and MYR100.7M respectively. TAFI Industries Berhad's EBIT is MYR1.9M making its interest coverage ratio 6.7. It has cash and short-term investments of MYR19.6M.
Key information
17.1%
Debt to equity ratio
RM 13.76m
Debt
| Interest coverage ratio | 6.7x |
| Cash | RM 19.65m |
| Equity | RM 80.34m |
| Total liabilities | RM 100.73m |
| Total assets | RM 181.08m |
Financial Position Analysis
Short Term Liabilities: TAFI's short term assets (MYR147.3M) exceed its short term liabilities (MYR87.8M).
Long Term Liabilities: TAFI's short term assets (MYR147.3M) exceed its long term liabilities (MYR13.0M).
Debt to Equity History and Analysis
Debt Level: TAFI has more cash than its total debt.
Reducing Debt: TAFI's debt to equity ratio has increased from 4.4% to 17.1% over the past 5 years.
Debt Coverage: TAFI's debt is well covered by operating cash flow (69.2%).
Interest Coverage: TAFI's interest payments on its debt are well covered by EBIT (6.7x coverage).