Theta Edge Berhad Balance Sheet Health

Financial Health criteria checks 5/6

Theta Edge Berhad has a total shareholder equity of MYR80.8M and total debt of MYR2.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are MYR153.9M and MYR73.1M respectively. Theta Edge Berhad's EBIT is MYR9.9M making its interest coverage ratio -52.1. It has cash and short-term investments of MYR56.9M.

Key information

2.5%

Debt to equity ratio

RM2.00m

Debt

Interest coverage ratio	-52.1x
Cash	RM56.90m
Equity	RM80.80m
Total liabilities	RM73.07m
Total assets	RM153.87m

Recent financial health updates

Recent updates

Subdued Growth No Barrier To Theta Edge Berhad (KLSE:THETA) With Shares Advancing 27%

Apr 17

The Return Trends At Theta Edge Berhad (KLSE:THETA) Look Promising

Apr 09

Theta Edge Berhad's (KLSE:THETA) Price Is Right But Growth Is Lacking After Shares Rocket 45%

Feb 29

We're Hopeful That Theta Edge Berhad (KLSE:THETA) Will Use Its Cash Wisely

May 24

We're Not Very Worried About Theta Edge Berhad's (KLSE:THETA) Cash Burn Rate

Jan 28

We Think Theta Edge Berhad (KLSE:THETA) Can Afford To Drive Business Growth

May 13

Here's Why We Don't Think Theta Edge Berhad's (KLSE:THETA) Statutory Earnings Reflect Its Underlying Earnings Potential

Jan 28

Theta Edge Berhad (KLSE:THETA) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Dec 23

How Much Did Theta Edge Berhad's (KLSE:THETA) CEO Pocket Last Year?

Nov 19

Financial Position Analysis

Short Term Liabilities: THETA's short term assets (MYR100.5M) exceed its short term liabilities (MYR61.8M).

Long Term Liabilities: THETA's short term assets (MYR100.5M) exceed its long term liabilities (MYR11.3M).

Debt to Equity History and Analysis

Debt Level: THETA has more cash than its total debt.

Reducing Debt: THETA's debt to equity ratio has increased from 0% to 2.5% over the past 5 years.

Debt Coverage: THETA's debt is well covered by operating cash flow (1138.9%).

Interest Coverage: THETA earns more interest than it pays, so coverage of interest payments is not a concern.

Theta Edge Berhad Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

We're Hopeful That Theta Edge Berhad (KLSE:THETA) Will Use Its Cash Wisely

We're Not Very Worried About Theta Edge Berhad's (KLSE:THETA) Cash Burn Rate

We Think Theta Edge Berhad (KLSE:THETA) Can Afford To Drive Business Growth

Recent updates

Theta Edge Berhad, Annual General Meeting, Jun 26, 2024

Subdued Growth No Barrier To Theta Edge Berhad (KLSE:THETA) With Shares Advancing 27%

The Return Trends At Theta Edge Berhad (KLSE:THETA) Look Promising

Investor sentiment improves as stock rises 16%

Theta Edge Berhad Appoints Encik Syed Osman Alhaddad Bin Syed Mohamed as Non Independent and Non Executive Member of Audit Committee

Theta Edge Berhad Appoints Encik Syed Osman Alhaddad Bin Syed Mohamed as Non Independent and Non Executive Member of Risk Committee

Investor sentiment improves as stock rises 26%

Theta Edge Berhad's (KLSE:THETA) Price Is Right But Growth Is Lacking After Shares Rocket 45%

Theta Edge Berhad Announces Re-Designation of Encik Azih Bin Yusof from Chairman of Audit Committee to Member of Audit Committee

Full year 2023 earnings released: EPS: RM0.081 (vs RM0.065 in FY 2022)

Theta Edge Berhad Appoints Cik Shahrin Binti Oli Mohamed as Independent and Non Executive Member of Risk Committee

Theta Edge Berhad Appoints Encik Syed Osman Alhaddad Bin Syed Mohamed as Non Independent and Non Executive Director

Third quarter 2023 earnings released: RM0.019 loss per share (vs RM0.032 profit in 3Q 2022)

New minor risk - Share price stability

Theta Edge Berhad Announces Resignation of Encik Shamsul Kamal Bin Hussein Kamal as Member of Nomination and Remuneration Committee

Theta Edge Berhad Announces Resignation of Encik Shamsul Kamal Bin Hussein Kamal as Non Independent and Non Executive Director

Theta Edge Berhad Announces the Resignation of Asri Bin Hamidin @ Hamidon as Non-Independent Non Executive Director

Theta Edge Berhad Announces Appointment of Adam Malik Bin Azlan as Independent and Non Executive Member of Risk Committee

Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.01 in 2Q 2022)

Theta Edge Berhad Announces Resignation of Erma Surianee Binti Malek as Independent and Non Executive Member of Nomination and Remuneration Committee

Theta Edge Berhad Announces Cessation of Encik Abdul Halim Bin Jantan as Independent and Non-Executive Member of Risk Committee

First quarter 2023 earnings released: EPS: RM0.002 (vs RM0.026 in 1Q 2022)

Upcoming dividend of RM0.015 per share at 2.5% yield

Theta Edge Berhad Declares of Final Single Tier Dividend in Respect of the Financial Year Ended 31 December 2022, Payable on June 19, 2023

Full year 2022 earnings released: EPS: RM0.07 (vs RM0.045 loss in FY 2021)

Third quarter 2022 earnings released: EPS: RM0.032 (vs RM0.003 loss in 3Q 2021)

High number of new and inexperienced directors

Theta Edge Berhad Announces Resignation of ENCIK SAFUAN BIN YUSOF as Chief Operating Officer

Second quarter 2022 earnings released: EPS: RM0.01 (vs RM0.001 in 2Q 2021)

First quarter 2022 earnings released: EPS: RM0.026 (vs RM0.006 loss in 1Q 2021)

We're Hopeful That Theta Edge Berhad (KLSE:THETA) Will Use Its Cash Wisely

Theta Edge Berhad Appoints Encik Mohamad Izzat Bin Serpudin as Chief Financial Officer

Theta Edge Berhad, Annual General Meeting, Jun 29, 2022

High number of new and inexperienced directors

Theta Edge Berhad Announces Appointment of Rozahan Bin Osman as Member of Risk Committee

Theta Edge Berhad Appoints Encik Azih bin Yusof as Independent and Non Executive Director

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Theta Edge Berhad Announces Cessation of Muhammad Fawwaz Bin Aminuddin as Member of Nomination and Remuneration Committee

We're Not Very Worried About Theta Edge Berhad's (KLSE:THETA) Cash Burn Rate

Chairman Noordin Bin Sulaiman has left the company

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Second quarter 2021 earnings released: EPS RM0.001 (vs RM0.025 loss in 2Q 2020)

Independent Non Executive Director Azlan Bin Abas has left the company

CEO, Group MD & Executive Director A. Bin S. A. Karim has left the company

First quarter 2021 earnings released: RM0.006 loss per share (vs RM0.002 loss in 1Q 2020)

We Think Theta Edge Berhad (KLSE:THETA) Can Afford To Drive Business Growth

Full year 2020 earnings released: RM0.065 loss per share (vs RM0.002 profit in FY 2019)

New 90-day high: RM0.94

Here's Why We Don't Think Theta Edge Berhad's (KLSE:THETA) Statutory Earnings Reflect Its Underlying Earnings Potential

New 90-day high: RM0.90

Theta Edge Berhad (KLSE:THETA) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

New 90-day high: RM0.48

Third quarter 2020 earnings released: EPS RM0.006

New 90-day high: RM0.41

How Much Did Theta Edge Berhad's (KLSE:THETA) CEO Pocket Last Year?

Theta Edge Berhad Announces Redesignation of Encik Mohamed Ridza Bin Mohamed Abdulla as Member of Risk Committee from the Previous Position of Chairman of Risk Committee

New 90-day low: RM0.35

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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