Nigbas Nigde Beton Sanayi Ve Ticaret Balance Sheet Health
Financial Health criteria checks 3/6
Nigbas Nigde Beton Sanayi Ve Ticaret has a total shareholder equity of TRY597.4M and total debt of TRY1.8M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are TRY709.7M and TRY112.2M respectively. Nigbas Nigde Beton Sanayi Ve Ticaret's EBIT is TRY2.8M making its interest coverage ratio -0. It has cash and short-term investments of TRY359.1K.
Key information
0.3%
Debt to equity ratio
₺1.83m
Debt
| Interest coverage ratio | -0.03x |
| Cash | ₺359.08k |
| Equity | ₺597.40m |
| Total liabilities | ₺112.25m |
| Total assets | ₺709.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIBAS's short term assets (TRY53.2M) exceed its short term liabilities (TRY20.4M).
Long Term Liabilities: NIBAS's short term assets (TRY53.2M) do not cover its long term liabilities (TRY91.9M).
Debt to Equity History and Analysis
Debt Level: NIBAS's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: NIBAS's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: NIBAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NIBAS earns more interest than it pays, so coverage of interest payments is not a concern.