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 TRY44.1B and total debt of TRY18.9B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are TRY86.6B and TRY42.5B respectively. Tofas Türk Otomobil Fabrikasi Anonim Sirketi's EBIT is TRY3.6B making its interest coverage ratio -0.6. It has cash and short-term investments of TRY20.7B.
Key information
42.8%
Debt to equity ratio
₺18.89b
Debt
| Interest coverage ratio | -0.6x |
| Cash | ₺20.70b |
| Equity | ₺44.12b |
| Total liabilities | ₺42.48b |
| Total assets | ₺86.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOASO's short term assets (TRY58.5B) exceed its short term liabilities (TRY34.1B).
Long Term Liabilities: TOASO's short term assets (TRY58.5B) exceed its long term liabilities (TRY8.3B).
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 110.1% to 42.8% 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.