Türk Traktör ve Ziraat Makineleri Balance Sheet Health
Financial Health criteria checks 6/6
Türk Traktör ve Ziraat Makineleri has a total shareholder equity of TRY15.4B and total debt of TRY5.7B, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are TRY32.5B and TRY17.1B respectively. Türk Traktör ve Ziraat Makineleri's EBIT is TRY13.1B making its interest coverage ratio 21.7. It has cash and short-term investments of TRY12.3B.
Key information
36.9%
Debt to equity ratio
₺5.68b
Debt
Interest coverage ratio | 21.7x |
Cash | ₺12.34b |
Equity | ₺15.40b |
Total liabilities | ₺17.06b |
Total assets | ₺32.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTRAK's short term assets (TRY25.0B) exceed its short term liabilities (TRY15.7B).
Long Term Liabilities: TTRAK's short term assets (TRY25.0B) exceed its long term liabilities (TRY1.3B).
Debt to Equity History and Analysis
Debt Level: TTRAK has more cash than its total debt.
Reducing Debt: TTRAK's debt to equity ratio has reduced from 272% to 36.9% over the past 5 years.
Debt Coverage: TTRAK's debt is well covered by operating cash flow (174.1%).
Interest Coverage: TTRAK's interest payments on its debt are well covered by EBIT (21.7x coverage).