Tex Cycle Technology (M) Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Tex Cycle Technology (M) Berhad has a total shareholder equity of MYR152.2M and total debt of MYR30.4M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are MYR187.0M and MYR34.8M respectively. Tex Cycle Technology (M) Berhad's EBIT is MYR21.5M making its interest coverage ratio 35.6. It has cash and short-term investments of MYR42.9M.
Key information
20.0%
Debt to equity ratio
RM 30.38m
Debt
| Interest coverage ratio | 35.6x |
| Cash | RM 42.90m |
| Equity | RM 152.24m |
| Total liabilities | RM 34.80m |
| Total assets | RM 187.04m |
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 17Does Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Have A Healthy Balance Sheet?
Aug 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 23Does Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Have A Healthy Balance Sheet?
Aug 17Financial Position Analysis
Short Term Liabilities: TEXCYCL's short term assets (MYR62.8M) exceed its short term liabilities (MYR6.3M).
Long Term Liabilities: TEXCYCL's short term assets (MYR62.8M) exceed its long term liabilities (MYR28.5M).
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 11% to 20% over the past 5 years.
Debt Coverage: TEXCYCL's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: TEXCYCL's interest payments on its debt are well covered by EBIT (35.6x coverage).