TASCO Berhad Balance Sheet Health
Financial Health criteria checks 5/6
TASCO Berhad has a total shareholder equity of MYR695.2M and total debt of MYR358.6M, which brings its debt-to-equity ratio to 51.6%. Its total assets and total liabilities are MYR1.8B and MYR1.1B respectively. TASCO Berhad's EBIT is MYR63.0M making its interest coverage ratio 5.8. It has cash and short-term investments of MYR116.5M.
Key information
51.6%
Debt to equity ratio
RM 358.60m
Debt
| Interest coverage ratio | 5.8x |
| Cash | RM 116.47m |
| Equity | RM 695.24m |
| Total liabilities | RM 1.13b |
| Total assets | RM 1.82b |
Recent financial health updates
Is TASCO Berhad (KLSE:TASCO) Using Too Much Debt?
Oct 08
TASCO Berhad (KLSE:TASCO) Seems To Use Debt Quite Sensibly
Mar 30TASCO Berhad (KLSE:TASCO) Has A Pretty Healthy Balance Sheet
Dec 29
Recent updates
TASCO Berhad's (KLSE:TASCO) Dividend Is Being Reduced To MYR0.0235
May 09TASCO Berhad's (KLSE:TASCO) Anemic Earnings Might Be Worse Than You Think
May 07Analysts Just Made A Major Revision To Their TASCO Berhad (KLSE:TASCO) Revenue Forecasts
Aug 08Is There Now An Opportunity In TASCO Berhad (KLSE:TASCO)?
Feb 08Analysts Just Shipped A Meaningful Upgrade To Their TASCO Berhad (KLSE:TASCO) Estimates
Jul 28TASCO Berhad (KLSE:TASCO) Is Increasing Its Dividend To RM0.015
May 19Returns At TASCO Berhad (KLSE:TASCO) Appear To Be Weighed Down
Mar 07Analyst Forecasts For TASCO Berhad (KLSE:TASCO) Are Surging Higher
Jan 29Does This Valuation Of TASCO Berhad (KLSE:TASCO) Imply Investors Are Overpaying?
Dec 14Is TASCO Berhad (KLSE:TASCO) Using Too Much Debt?
Oct 08Analysts Are Betting On TASCO Berhad (KLSE:TASCO) With A Big Upgrade This Week
Jul 31TASCO Berhad's (KLSE:TASCO) Returns On Capital Not Reflecting Well On The Business
Apr 19TASCO Berhad (KLSE:TASCO) Seems To Use Debt Quite Sensibly
Mar 30Is Now An Opportune Moment To Examine TASCO Berhad (KLSE:TASCO)?
Mar 10Is TASCO Berhad (KLSE:TASCO) A Smart Pick For Income Investors?
Feb 23What Percentage Of TASCO Berhad (KLSE:TASCO) Shares Do Insiders Own?
Feb 10TASCO Berhad (KLSE:TASCO) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Jan 27Our Take On The Returns On Capital At TASCO Berhad (KLSE:TASCO)
Jan 13TASCO Berhad (KLSE:TASCO) Has A Pretty Healthy Balance Sheet
Dec 29Did You Miss TASCO Berhad's (KLSE:TASCO) Impressive 145% Share Price Gain?
Dec 15Financial Position Analysis
Short Term Liabilities: TASCO's short term assets (MYR929.3M) exceed its short term liabilities (MYR861.4M).
Long Term Liabilities: TASCO's short term assets (MYR929.3M) exceed its long term liabilities (MYR263.9M).
Debt to Equity History and Analysis
Debt Level: TASCO's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: TASCO's debt to equity ratio has reduced from 68.3% to 51.6% over the past 5 years.
Debt Coverage: TASCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TASCO's interest payments on its debt are well covered by EBIT (5.8x coverage).