Tropicana Corporation Berhad Balance Sheet Health

Financial Health criteria checks 3/6

Tropicana Berhad has a total shareholder equity of MYR5.8B and total debt of MYR2.7B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are MYR11.8B and MYR6.0B respectively. Tropicana Berhad's EBIT is MYR125.6M making its interest coverage ratio 0.7. It has cash and short-term investments of MYR829.0M.

Key information

47.0%

Debt to equity ratio

RM 2.74b

Debt

Interest coverage ratio	0.7x
Cash	RM 829.01m
Equity	RM 5.84b
Total liabilities	RM 5.99b
Total assets	RM 11.83b

Recent financial health updates

We Think Tropicana Corporation Berhad (KLSE:TROP) Is Taking Some Risk With Its Debt

Sep 24

Recent updates

We Think Tropicana Corporation Berhad (KLSE:TROP) Is Taking Some Risk With Its Debt

Sep 24

Revenues Not Telling The Story For Tropicana Corporation Berhad (KLSE:TROP)

Jul 11

Is Tropicana Corporation Berhad (KLSE:TROP) Using Debt Sensibly?

Sep 01

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Jan 19

Is Tropicana Corporation Berhad (KLSE:TROP) Using Debt Sensibly?

Aug 09

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Mar 03

Does Tropicana Corporation Berhad (KLSE:TROP) Have A Healthy Balance Sheet?

Jun 09

Tropicana Corporation Berhad (KLSE:TROP) Is Growing Earnings But Are They A Good Guide?

Feb 03

What Type Of Shareholders Make Up Tropicana Corporation Berhad's (KLSE:TROP) Share Registry?

Jan 13

A Look At Tropicana Corporation Berhad's (KLSE:TROP) Share Price Returns

Dec 22

Financial Position Analysis

Short Term Liabilities: TROP's short term assets (MYR2.9B) do not cover its short term liabilities (MYR3.2B).

Long Term Liabilities: TROP's short term assets (MYR2.9B) exceed its long term liabilities (MYR2.8B).

Debt to Equity History and Analysis

Debt Level: TROP's net debt to equity ratio (32.8%) is considered satisfactory.

Reducing Debt: TROP's debt to equity ratio has reduced from 50% to 47% over the past 5 years.

Debt Coverage: TROP's debt is not well covered by operating cash flow (12.1%).

Interest Coverage: TROP's interest payments on its debt are not well covered by EBIT (0.7x coverage).

Tropicana Corporation Berhad Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

We Think Tropicana Corporation Berhad (KLSE:TROP) Is Taking Some Risk With Its Debt

Is Tropicana Corporation Berhad (KLSE:TROP) Using Debt Sensibly?

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Is Tropicana Corporation Berhad (KLSE:TROP) Using Debt Sensibly?

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Does Tropicana Corporation Berhad (KLSE:TROP) Have A Healthy Balance Sheet?

Recent updates

We Think Tropicana Corporation Berhad (KLSE:TROP) Is Taking Some Risk With Its Debt

Second quarter 2024 earnings released: EPS: RM0.019 (vs RM0 in 2Q 2023)

Tropicana Corporation Berhad Announces Resignation of Dato' Badrul Hisham Bin Abdul Aziz as Independent and Non Executive Director

Revenues Not Telling The Story For Tropicana Corporation Berhad (KLSE:TROP)

Tropicana Corporation Berhad Approves the Appointment of Dato' Sri Badrul Hisham Bin Abdul Aziz as Independent and Non Executive Member of Audit Committee

First quarter 2024 earnings released

Tropicana Corporation Berhad, Annual General Meeting, Jun 24, 2024

Tropicana Corporation Berhad Announced the Redesignation of Mr. Din Tan Yong Chia from Executive Director to Group Managing Director

High number of new directors

Tropicana Corporation Berhad Announces Resignation Dato' Dickson Tan Yong Loong as Non Independent and Non Executive Director

Tropicana Corporation Berhad Announces Redesignation of Dion Tan Yong Chien from Managing Director to Non Independent and Non Executive Director

Tropicana Corporation Berhad Announces Redesignation of Jared Ang Tzer Shen from Executive Director to Non Executive Director

Tropicana Corporation Berhad Announces Changes in Accounting Policies Arising from Adoption of New Standards, Amendments and Interpretations

Tropicana Corporation Berhad Announces Changes in Accounting Policies Arising from Adoption of New Standards, Amendments and Interpretations

Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.012 loss in 3Q 2022)

Tropicana Corporation Berhad Announces Resignation of Encik Mohd Najib Bin Abdul Aziz as Independent and Non Executive Chairman of Audit Committee

Now 24% undervalued after recent price drop

Now 22% undervalued after recent price drop

Tropicana Corporation Berhad Appoints Chan Tze Leong as Joint Secretary

Is Tropicana Corporation Berhad (KLSE:TROP) Using Debt Sensibly?

Second quarter 2023 earnings released: EPS: RM0 (vs RM0.037 loss in 2Q 2022)

Tropicana Corporation Berhad Announces Resignation of Tan Gin Ling as Joint Secretary

Tropicana Corporation Berhad Announces the Appointment of Mr. Din Tan Yong Chia as Executive Director

First quarter 2023 earnings released: EPS: RM0.003 (vs RM0.022 loss in 1Q 2022)

Full year 2022 earnings released: RM0.24 loss per share (vs RM0.036 loss in FY 2021)

Tropicana Corporation Berhad Announces the Resignation of Dato' Dr Teo Tong Kooi, as Independent and Non Executive Chairman of Risk Committee

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Third quarter 2022 earnings released: RM0.012 loss per share (vs RM0.026 loss in 3Q 2021)

Tropicana Corporation Berhad Appoints DATUK TAN MANN CHAI, JP as Independent and Non Executive Director

Tropicana Corporation Berhad Appoints DATUK TAN MANN CHAI, JP as Independent and Non Executive Director

Second quarter 2022 earnings released: RM0.037 loss per share (vs RM0.017 loss in 2Q 2021)

Tropicana Corporation Berhad Appoints Dato' Mohamad Lotfy Bin Mohamad Noh as Independent and Non Executive Director

Tropicana Corporation Berhad Announces Resignation of Datuk Siw Chun A/P Eam as Independent and Non Executive Member of Remuneration Committee

Is Tropicana Corporation Berhad (KLSE:TROP) Using Debt Sensibly?

Tropicana Corporation Berhad Announces Re-Designation of Teo Tong Kooi as Independent and Non-Executive Chairman of Risk Committee

Tropicana Corporation Berhad, Annual General Meeting, Jun 23, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Tropicana Corporation Berhad Announces Resignation of Mr. Lee Han Ming as Group Chief Executive Officer

Tropicana Corporation Berhad (KLSE:TROP) Seems To Be Using A Lot Of Debt

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings: EPS and revenues miss analyst expectations

Second quarter 2021 earnings released: RM0.017 loss per share (vs RM0.017 profit in 2Q 2020)

Chief Financial Officer Lai Lim has left the company

Does Tropicana Corporation Berhad (KLSE:TROP) Have A Healthy Balance Sheet?

First quarter 2021 earnings released: EPS RM0.002 (vs RM0.004 in 1Q 2020)

Full year 2020 earnings released: EPS RM0.064 (vs RM0.22 in FY 2019)

Tropicana Corporation Berhad Resigns Datuk Siw Chun A/P Eam as Independent and Non Executive Member of Audit Committee

New 90-day high: RM0.89

Independent & Non Executive Director has left the company

Tropicana Corporation Berhad Announces the Promotion and Appointment of Lee Han Ming as Its Group CEO

Tropicana Corporation Berhad (KLSE:TROP) Is Growing Earnings But Are They A Good Guide?

What Type Of Shareholders Make Up Tropicana Corporation Berhad's (KLSE:TROP) Share Registry?

A Look At Tropicana Corporation Berhad's (KLSE:TROP) Share Price Returns

New 90-day low: RM0.81

Tropicana Corporation Berhad Announces the Appointment of Madam Vivienne Cheng Chi Fan as Independent and Non Executive Member of Risk Committee

Third quarter 2020 earnings released: EPS RM0.01

Tropicana Corporation Berhad Announces Cessation of Yeow Wai Siaw as Group Chief Executive Officer

Tropicana Corporation Berhad Appoints Tan Sri Dato' Sri Mohamad Fuzi Bin Harun as Independent and Non Executive Director

Tropicana Corporation Berhad Appoints Mr. Jared Ang Tzer Shen as Executive Director

Tropicana Corporation Berhad Announces the Resignation of Dickson Tan Yong Loong as Executive Deputy Chief Executive Officer

New 90-day low - RM0.86

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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