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 MYR148.5M and total debt of MYR31.5M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are MYR185.3M and MYR36.9M respectively. Tex Cycle Technology (M) Berhad's EBIT is MYR4.7M making its interest coverage ratio 4.8. It has cash and short-term investments of MYR46.1M.
Key information
21.2%
Debt to equity ratio
RM31.55m
Debt
| Interest coverage ratio | 4.8x |
| Cash | RM46.15m |
| Equity | RM148.49m |
| Total liabilities | RM36.85m |
| Total assets | RM185.35m |
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 17These 4 Measures Indicate That Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Is Using Debt Reasonably Well
May 13Here's Why Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Can Manage Its Debt Responsibly
Feb 09
Recent updates
Even 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 17Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Returns On Capital Not Reflecting Well On The Business
Jun 08These 4 Measures Indicate That Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Is Using Debt Reasonably Well
May 13Should You Be Impressed By Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Returns on Capital?
Mar 10Here's Why Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Can Manage Its Debt Responsibly
Feb 09Tex Cycle Technology (M) Berhad's (KLSE:TEXCYCL) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Jan 13Has Tex Cycle Technology (M) Berhad (KLSE:TEXCYCL) Got What It Takes To Become A Multi-Bagger?
Dec 09Financial Position Analysis
Short Term Liabilities: TEXCYCL's short term assets (MYR64.4M) exceed its short term liabilities (MYR6.9M).
Long Term Liabilities: TEXCYCL's short term assets (MYR64.4M) exceed its long term liabilities (MYR29.9M).
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 11.5% to 21.2% over the past 5 years.
Debt Coverage: TEXCYCL's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: TEXCYCL's interest payments on its debt are well covered by EBIT (4.8x coverage).