Türk Traktör ve Ziraat Makineleri Balance Sheet Health
Financial Health criteria checks 5/6
Türk Traktör ve Ziraat Makineleri has a total shareholder equity of TRY13.2B and total debt of TRY7.3B, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are TRY38.7B and TRY25.5B respectively. Türk Traktör ve Ziraat Makineleri's EBIT is TRY13.3B making its interest coverage ratio 62.9. It has cash and short-term investments of TRY13.0B.
Key information
55.7%
Debt to equity ratio
₺7.33b
Debt
Interest coverage ratio | 62.9x |
Cash | ₺13.03b |
Equity | ₺13.16b |
Total liabilities | ₺25.53b |
Total assets | ₺38.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTRAK's short term assets (TRY29.5B) exceed its short term liabilities (TRY23.7B).
Long Term Liabilities: TTRAK's short term assets (TRY29.5B) exceed its long term liabilities (TRY1.8B).
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 308.6% to 55.7% over the past 5 years.
Debt Coverage: TTRAK's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: TTRAK's interest payments on its debt are well covered by EBIT (62.9x coverage).