Tofas Türk Otomobil Fabrikasi Anonim Sirketi Balance Sheet Health
Financial Health criteria checks 5/6
Tofas Türk Otomobil Fabrikasi Anonim Sirketi has a total shareholder equity of TRY40.0B and total debt of TRY17.8B, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are TRY88.6B and TRY48.6B respectively. Tofas Türk Otomobil Fabrikasi Anonim Sirketi's EBIT is TRY10.6B making its interest coverage ratio -1.6. It has cash and short-term investments of TRY18.5B.
Key information
44.6%
Debt to equity ratio
₺17.81b
Debt
| Interest coverage ratio | -1.6x |
| Cash | ₺18.50b |
| Equity | ₺39.97b |
| Total liabilities | ₺48.59b |
| Total assets | ₺88.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOASO's short term assets (TRY63.6B) exceed its short term liabilities (TRY40.8B).
Long Term Liabilities: TOASO's short term assets (TRY63.6B) exceed its long term liabilities (TRY7.8B).
Debt to Equity History and Analysis
Debt Level: TOASO has more cash than its total debt.
Reducing Debt: TOASO's debt to equity ratio has reduced from 142.3% to 44.6% over the past 5 years.
Debt Coverage: TOASO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TOASO earns more interest than it pays, so coverage of interest payments is not a concern.