Tofas Türk Otomobil Fabrikasi Anonim Sirketi Balance Sheet Health
Financial Health criteria checks 6/6
Tofas Türk Otomobil Fabrikasi Anonim Sirketi has a total shareholder equity of TRY36.9B and total debt of TRY11.8B, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are TRY78.7B and TRY41.8B respectively. Tofas Türk Otomobil Fabrikasi Anonim Sirketi's EBIT is TRY15.5B making its interest coverage ratio -2.8. It has cash and short-term investments of TRY24.9B.
Key information
32.0%
Debt to equity ratio
₺11.80b
Debt
| Interest coverage ratio | -2.8x |
| Cash | ₺24.86b |
| Equity | ₺36.88b |
| Total liabilities | ₺41.79b |
| Total assets | ₺78.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOASO's short term assets (TRY60.5B) exceed its short term liabilities (TRY35.6B).
Long Term Liabilities: TOASO's short term assets (TRY60.5B) exceed its long term liabilities (TRY6.2B).
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 146.6% to 32% over the past 5 years.
Debt Coverage: TOASO's debt is well covered by operating cash flow (65.7%).
Interest Coverage: TOASO earns more interest than it pays, so coverage of interest payments is not a concern.