Kordsa Teknik Tekstil Balance Sheet Health
Financial Health criteria checks 3/6
Kordsa Teknik Tekstil has a total shareholder equity of TRY16.1B and total debt of TRY11.7B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are TRY35.0B and TRY18.9B respectively. Kordsa Teknik Tekstil's EBIT is TRY920.3M making its interest coverage ratio 1.6. It has cash and short-term investments of TRY1.8B.
Key information
72.5%
Debt to equity ratio
₺11.65b
Debt
Interest coverage ratio | 1.6x |
Cash | ₺1.80b |
Equity | ₺16.06b |
Total liabilities | ₺18.92b |
Total assets | ₺34.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KORDS's short term assets (TRY14.7B) exceed its short term liabilities (TRY11.9B).
Long Term Liabilities: KORDS's short term assets (TRY14.7B) exceed its long term liabilities (TRY7.1B).
Debt to Equity History and Analysis
Debt Level: KORDS's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: KORDS's debt to equity ratio has increased from 65% to 72.5% over the past 5 years.
Debt Coverage: KORDS's debt is well covered by operating cash flow (27.6%).
Interest Coverage: KORDS's interest payments on its debt are not well covered by EBIT (1.6x coverage).