Tex Cycle Technology (M) Berhad

KLSE:TEXCYCL Stock Report

Market Cap: RM 292.4m

Tex Cycle Technology (M) Berhad Balance Sheet Health

Financial Health criteria checks 5/6

Tex Cycle Technology (M) Berhad has a total shareholder equity of MYR185.8M and total debt of MYR29.5M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are MYR235.5M and MYR49.7M respectively. Tex Cycle Technology (M) Berhad's EBIT is MYR22.9M making its interest coverage ratio 89.6. It has cash and short-term investments of MYR84.5M.

Key information

15.9%

Debt to equity ratio

RM 29.52m

Debt

Interest coverage ratio89.6x
CashRM 84.50m
EquityRM 185.83m
Total liabilitiesRM 49.67m
Total assetsRM 235.50m

Recent financial health updates

Recent updates

Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Earnings Are Weaker Than They Seem

Jun 04
Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Earnings Are Weaker Than They Seem

Even With A 30% Surge, Cautious Investors Are Not Rewarding Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Performance Completely

May 30
Even With A 30% Surge, Cautious Investors Are Not Rewarding Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Performance Completely

Here's Why Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Can Manage Its Debt Responsibly

Apr 22
Here's Why Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Can Manage Its Debt Responsibly

The Market Lifts Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Shares 26% But It Can Do More

Mar 25
The Market Lifts Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Shares 26% But It Can Do More

We Ran A Stock Scan For Earnings Growth And Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Passed With Ease

Mar 14
We Ran A Stock Scan For Earnings Growth And Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Passed With Ease

Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Solid Profits Have Weak Fundamentals

Apr 25
Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Solid Profits Have Weak Fundamentals

Is Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Using Too Much Debt?

Mar 17
Is Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Using Too Much Debt?

The Returns On Capital At Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Don't Inspire Confidence

Jan 11
The Returns On Capital At Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Don't Inspire Confidence

Financial Position Analysis

Short Term Liabilities: TEXCYCL's short term assets (MYR104.0M) exceed its short term liabilities (MYR22.1M).

Long Term Liabilities: TEXCYCL's short term assets (MYR104.0M) exceed its long term liabilities (MYR27.6M).


Debt to Equity History and Analysis

Debt Level: TEXCYCL has more cash than its total debt.

Reducing Debt: TEXCYCL's debt to equity ratio has increased from 10.5% to 15.9% over the past 5 years.

Debt Coverage: TEXCYCL's debt is well covered by operating cash flow (58.7%).

Interest Coverage: TEXCYCL's interest payments on its debt are well covered by EBIT (89.6x coverage).


Balance Sheet


Discover healthy companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/01 00:23
End of Day Share Price 2025/01/28 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Tex Cycle Technology (M) Berhad is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
GAN KIM KHOONAmInvestment Bank Berhad