Parsan Makina Parçalari Sanayii Balance Sheet Health
Financial Health criteria checks 2/6
Parsan Makina Parçalari Sanayii has a total shareholder equity of TRY9.1B and total debt of TRY3.9B, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are TRY14.2B and TRY5.1B respectively. Parsan Makina Parçalari Sanayii's EBIT is TRY362.7M making its interest coverage ratio -2.4. It has cash and short-term investments of TRY100.8M.
Key information
42.4%
Debt to equity ratio
₺3.86b
Debt
Interest coverage ratio
-2.4x
Cash
₺100.81m
Equity
₺9.12b
Total liabilities
₺5.13b
Total assets
₺14.24b
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PARSN's short term assets (TRY1.7B) do not cover its short term liabilities (TRY3.3B).
Long Term Liabilities: PARSN's short term assets (TRY1.7B) do not cover its long term liabilities (TRY1.8B).
Debt to Equity History and Analysis
Debt Level: PARSN's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: PARSN's debt to equity ratio has reduced from 134.2% to 42.4% over the past 5 years.
Debt Coverage: PARSN's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: PARSN earns more interest than it pays, so coverage of interest payments is not a concern.