TAFI Industries Berhad Balance Sheet Health
Financial Health criteria checks 4/6
TAFI Industries Berhad has a total shareholder equity of MYR80.3M and total debt of MYR10.7M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are MYR191.6M and MYR111.4M respectively. TAFI Industries Berhad's EBIT is MYR1.6M making its interest coverage ratio 14.5. It has cash and short-term investments of MYR6.9M.
Key information
13.3%
Debt to equity ratio
RM10.66m
Debt
| Interest coverage ratio | 14.5x |
| Cash | RM6.95m |
| Equity | RM80.26m |
| Total liabilities | RM111.39m |
| Total assets | RM191.65m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TAFI's short term assets (MYR166.3M) exceed its short term liabilities (MYR111.0M).
Long Term Liabilities: TAFI's short term assets (MYR166.3M) exceed its long term liabilities (MYR400.0K).
Debt to Equity History and Analysis
Debt Level: TAFI's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: TAFI's debt to equity ratio has increased from 4.9% to 13.3% 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 (14.5x coverage).