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 ratio | 89.6x |
| Cash | RM 84.50m |
| Equity | RM 185.83m |
| Total liabilities | RM 49.67m |
| Total assets | RM 235.50m |
Recent financial health updates
Here's Why Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Can Manage Its Debt Responsibly
Apr 22
Is Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Using Too Much Debt?
Mar 17Recent updates
Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Earnings Are Weaker Than They Seem
Jun 04Even With A 30% Surge, Cautious Investors Are Not Rewarding Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Performance Completely
May 30Here's Why Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Can Manage Its Debt Responsibly
Apr 22The Market Lifts Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Shares 26% But It Can Do More
Mar 25We Ran A Stock Scan For Earnings Growth And Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Passed With Ease
Mar 14Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Solid Profits Have Weak Fundamentals
Apr 25Is Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Using Too Much Debt?
Mar 17The Returns On Capital At Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Don't Inspire Confidence
Jan 11Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Will Want To Turn Around Its Return Trends
Dec 23Financial 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
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 10:18 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| GAN KIM KHOON | AmInvestment Bank Berhad |