Thong Guan Industries Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Thong Guan Industries Berhad has a total shareholder equity of MYR953.9M and total debt of MYR196.8M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are MYR1.4B and MYR444.6M respectively. Thong Guan Industries Berhad's EBIT is MYR97.7M making its interest coverage ratio 14.7. It has cash and short-term investments of MYR298.1M.
Key information
20.6%
Debt to equity ratio
RM196.80m
Debt
| Interest coverage ratio | 14.7x |
| Cash | RM298.10m |
| Equity | RM953.87m |
| Total liabilities | RM444.65m |
| Total assets | RM1.40b |
Recent financial health updates
Thong Guan Industries Berhad (KLSE:TGUAN) Has A Rock Solid Balance Sheet
Jun 08
Is Thong Guan Industries Berhad (KLSE:TGUAN) Using Too Much Debt?
Jan 01Recent updates
Thong Guan Industries Berhad (KLSE:TGUAN) Will Pay A Dividend Of MYR0.0225
Mar 02Thong Guan Industries Berhad (KLSE:TGUAN) Will Pay A Dividend Of MYR0.0125
Dec 01What Is Thong Guan Industries Berhad's (KLSE:TGUAN) Share Price Doing?
Nov 03Thong Guan Industries Berhad (KLSE:TGUAN) Is Reducing Its Dividend To RM0.013
May 30Broker Revenue Forecasts For Thong Guan Industries Berhad (KLSE:TGUAN) Are Surging Higher
Mar 05Thong Guan Industries Berhad (KLSE:TGUAN) Has Announced That It Will Be Increasing Its Dividend To RM0.013
Dec 04Thong Guan Industries Berhad (KLSE:TGUAN) Has Re-Affirmed Its Dividend Of RM0.013
Nov 20Thong Guan Industries Berhad (KLSE:TGUAN) Has A Rock Solid Balance Sheet
Jun 08Here's Why We Think Thong Guan Industries Berhad (KLSE:TGUAN) Is Well Worth Watching
May 26What Does Thong Guan Industries Berhad's (KLSE:TGUAN) Share Price Indicate?
Apr 13There's Been No Shortage Of Growth Recently For Thong Guan Industries Berhad's (KLSE:TGUAN) Returns On Capital
Mar 31Could The Market Be Wrong About Thong Guan Industries Berhad (KLSE:TGUAN) Given Its Attractive Financial Prospects?
Mar 15Thong Guan Industries Berhad Just Missed EPS By 7.7%: Here's What Analysts Think Will Happen Next
Feb 28Are Institutions Heavily Invested In Thong Guan Industries Berhad's (KLSE:TGUAN) Shares?
Feb 18
Shareholders Of Thong Guan Industries Berhad (KLSE:TGUAN) Must Be Happy With Their 90% Return
Feb 03Is Thong Guan Industries Berhad (KLSE:TGUAN) A Smart Pick For Income Investors?
Jan 19Is Thong Guan Industries Berhad (KLSE:TGUAN) Using Too Much Debt?
Jan 01Does Thong Guan Industries Berhad (KLSE:TGUAN) Have The Makings Of A Multi-Bagger?
Dec 17Is Thong Guan Industries Berhad's(KLSE:TGUAN) Recent Stock Performance Tethered To Its Strong Fundamentals?
Dec 02With EPS Growth And More, Thong Guan Industries Berhad (KLSE:TGUAN) Is Interesting
Nov 19Will Thong Guan Industries Berhad's (KLSE:TGUAN) Growth In ROCE Persist?
Jul 15Financial Position Analysis
Short Term Liabilities: TGUAN's short term assets (MYR872.4M) exceed its short term liabilities (MYR343.4M).
Long Term Liabilities: TGUAN's short term assets (MYR872.4M) exceed its long term liabilities (MYR101.2M).
Debt to Equity History and Analysis
Debt Level: TGUAN has more cash than its total debt.
Reducing Debt: TGUAN's debt to equity ratio has reduced from 24.8% to 20.6% over the past 5 years.
Debt Coverage: TGUAN's debt is well covered by operating cash flow (87.5%).
Interest Coverage: TGUAN's interest payments on its debt are well covered by EBIT (14.7x coverage).