Tanco Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Tanco Holdings Berhad has a total shareholder equity of MYR311.2M and total debt of MYR21.2M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are MYR518.5M and MYR207.3M respectively. Tanco Holdings Berhad's EBIT is MYR18.7M making its interest coverage ratio 34.9. It has cash and short-term investments of MYR14.4M.
Key information
6.8%
Debt to equity ratio
RM 21.18m
Debt
| Interest coverage ratio | 34.9x |
| Cash | RM 14.40m |
| Equity | RM 311.17m |
| Total liabilities | RM 207.33m |
| Total assets | RM 518.50m |
Recent financial health updates
Is Tanco Holdings Berhad (KLSE:TANCO) Using Too Much Debt?
Jul 12
Does Tanco Holdings Berhad (KLSE:TANCO) Have A Healthy Balance Sheet?
Mar 07Is Tanco Holdings Berhad (KLSE:TANCO) A Risky Investment?
Aug 16Would Tanco Holdings Berhad (KLSE:TANCO) Be Better Off With Less Debt?
Mar 23Tanco Holdings Berhad (KLSE:TANCO) Is Making Moderate Use Of Debt
Nov 30Tanco Holdings Berhad (KLSE:TANCO) Has Debt But No Earnings; Should You Worry?
Apr 16Recent updates
Tanco Holdings Berhad's (KLSE:TANCO) Shares Climb 26% But Its Business Is Yet to Catch Up
Sep 30Tanco Holdings Berhad's (KLSE:TANCO) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Sep 05Is Tanco Holdings Berhad (KLSE:TANCO) Using Too Much Debt?
Jul 12Investors Appear Satisfied With Tanco Holdings Berhad's (KLSE:TANCO) Prospects As Shares Rocket 26%
Mar 18The Price Is Right For Tanco Holdings Berhad (KLSE:TANCO) Even After Diving 38%
Jan 19Does Tanco Holdings Berhad (KLSE:TANCO) Have A Healthy Balance Sheet?
Mar 07Is Tanco Holdings Berhad (KLSE:TANCO) A Risky Investment?
Aug 16Would Tanco Holdings Berhad (KLSE:TANCO) Be Better Off With Less Debt?
Mar 23Tanco Holdings Berhad (KLSE:TANCO) Is Making Moderate Use Of Debt
Nov 30Calculating The Fair Value Of Tanco Holdings Berhad (KLSE:TANCO)
Jul 29Tanco Holdings Berhad (KLSE:TANCO) Has Debt But No Earnings; Should You Worry?
Apr 16Is Tanco Holdings Berhad (KLSE:TANCO) A Risky Investment?
Dec 31Financial Position Analysis
Short Term Liabilities: TANCO's short term assets (MYR183.2M) exceed its short term liabilities (MYR169.8M).
Long Term Liabilities: TANCO's short term assets (MYR183.2M) exceed its long term liabilities (MYR37.6M).
Debt to Equity History and Analysis
Debt Level: TANCO's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: TANCO's debt to equity ratio has reduced from 31.6% to 6.8% over the past 5 years.
Debt Coverage: TANCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TANCO's interest payments on its debt are well covered by EBIT (34.9x coverage).