Nigbas Nigde Beton Sanayi Ve Ticaret Balance Sheet Health
Financial Health criteria checks 5/6
Nigbas Nigde Beton Sanayi Ve Ticaret has a total shareholder equity of TRY246.0M and total debt of TRY2.2M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are TRY280.8M and TRY34.8M respectively. Nigbas Nigde Beton Sanayi Ve Ticaret's EBIT is TRY2.1M making its interest coverage ratio -0. It has cash and short-term investments of TRY15.1M.
Key information
0.9%
Debt to equity ratio
₺2.21m
Debt
| Interest coverage ratio | -0.03x |
| Cash | ₺15.07m |
| Equity | ₺246.01m |
| Total liabilities | ₺34.82m |
| Total assets | ₺280.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIBAS's short term assets (TRY35.1M) exceed its short term liabilities (TRY10.9M).
Long Term Liabilities: NIBAS's short term assets (TRY35.1M) exceed its long term liabilities (TRY24.0M).
Debt to Equity History and Analysis
Debt Level: NIBAS has more cash than its total debt.
Reducing Debt: NIBAS's debt to equity ratio has reduced from 1.4% to 0.9% 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.