Tanco Holdings Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Tanco Holdings Berhad has a total shareholder equity of MYR294.1M and total debt of MYR9.3M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are MYR447.3M and MYR153.2M respectively. Tanco Holdings Berhad's EBIT is MYR17.8M making its interest coverage ratio 2.5. It has cash and short-term investments of MYR3.0M.
Key information
3.2%
Debt to equity ratio
RM 9.31m
Debt
| Interest coverage ratio | 2.5x |
| Cash | RM 2.98m |
| Equity | RM 294.14m |
| Total liabilities | RM 153.15m |
| Total assets | RM 447.30m |
Recent financial health updates
Does Tanco Holdings Berhad (KLSE:TANCO) Have A Healthy Balance Sheet?
Mar 07
Is 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 16Is Tanco Holdings Berhad (KLSE:TANCO) A Risky Investment?
Dec 31Recent updates
Investors 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 (MYR200.0M) exceed its short term liabilities (MYR144.0M).
Long Term Liabilities: TANCO's short term assets (MYR200.0M) exceed its long term liabilities (MYR9.1M).
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 33.4% to 3.2% 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 not well covered by EBIT (2.5x coverage).