Tanco Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Tanco Holdings Berhad has a total shareholder equity of MYR336.5M and total debt of MYR8.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are MYR476.7M and MYR140.2M respectively. Tanco Holdings Berhad's EBIT is MYR19.8M making its interest coverage ratio 22.9. It has cash and short-term investments of MYR6.0M.
Key information
2.4%
Debt to equity ratio
RM 7.97m
Debt
| Interest coverage ratio | 22.9x |
| Cash | RM 5.97m |
| Equity | RM 336.54m |
| Total liabilities | RM 140.15m |
| Total assets | RM 476.69m |
Recent financial health updates
Tanco Holdings Berhad (KLSE:TANCO) Has A Pretty Healthy Balance Sheet
Dec 24
Is Tanco Holdings Berhad (KLSE:TANCO) Using Too Much Debt?
Jul 12Does 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 30Recent updates
Tanco Holdings Berhad (KLSE:TANCO) Has A Pretty Healthy Balance Sheet
Dec 24Tanco 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 (MYR142.0M) exceed its short term liabilities (MYR99.3M).
Long Term Liabilities: TANCO's short term assets (MYR142.0M) exceed its long term liabilities (MYR40.9M).
Debt to Equity History and Analysis
Debt Level: TANCO's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: TANCO's debt to equity ratio has reduced from 36.3% to 2.4% 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 (22.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 18:32 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tanco Holdings Berhad is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kam Tan | TA Securities Holdings Berhad |