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 TRY330.1M and total debt of TRY12.1M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are TRY359.1M and TRY28.9M respectively. Diriteks Dirilis Tekstil Sanayi ve Ticaret's EBIT is TRY23.0M making its interest coverage ratio -53.7. It has cash and short-term investments of TRY159.5K.
Key information
3.7%
Debt to equity ratio
₺12.11m
Debt
| Interest coverage ratio | -53.7x |
| Cash | ₺159.49k |
| Equity | ₺330.11m |
| Total liabilities | ₺28.95m |
| Total assets | ₺359.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIRIT's short term assets (TRY46.9M) exceed its short term liabilities (TRY28.9M).
Long Term Liabilities: DIRIT's short term assets (TRY46.9M) exceed its long term liabilities (TRY84.7K).
Debt to Equity History and Analysis
Debt Level: DIRIT's net debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: DIRIT's debt to equity ratio has reduced from 741.7% to 3.7% over the past 5 years.
Debt Coverage: DIRIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DIRIT earns more interest than it pays, so coverage of interest payments is not a concern.