Diriteks Dirilis Tekstil Sanayi ve Ticaret Balance Sheet Health
Financial Health criteria checks 5/6
Diriteks Dirilis Tekstil Sanayi ve Ticaret has a total shareholder equity of TRY50.3M and total debt of TRY12.1M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are TRY71.4M and TRY21.1M respectively. Diriteks Dirilis Tekstil Sanayi ve Ticaret's EBIT is TRY5.3M making its interest coverage ratio -1. It has cash and short-term investments of TRY154.8K.
Key information
24.1%
Debt to equity ratio
₺12.11m
Debt
Interest coverage ratio | -1x |
Cash | ₺154.83k |
Equity | ₺50.32m |
Total liabilities | ₺21.08m |
Total assets | ₺71.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIRIT's short term assets (TRY12.9M) do not cover its short term liabilities (TRY21.1M).
Long Term Liabilities: DIRIT's short term assets (TRY12.9M) exceed its long term liabilities (TRY1.8K).
Debt to Equity History and Analysis
Debt Level: DIRIT's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: DIRIT's debt to equity ratio has reduced from 105.2% to 24.1% over the past 5 years.
Debt Coverage: DIRIT's debt is well covered by operating cash flow (113.1%).
Interest Coverage: DIRIT earns more interest than it pays, so coverage of interest payments is not a concern.