Hateks Hatay Tekstil Isletmeleri Balance Sheet Health
Financial Health criteria checks 1/6
Hateks Hatay Tekstil Isletmeleri has a total shareholder equity of TRY613.1M and total debt of TRY483.7M, which brings its debt-to-equity ratio to 78.9%. Its total assets and total liabilities are TRY1.5B and TRY855.5M respectively. Hateks Hatay Tekstil Isletmeleri's EBIT is TRY39.3M making its interest coverage ratio 2.5. It has cash and short-term investments of TRY79.7M.
Key information
78.9%
Debt to equity ratio
₺483.70m
Debt
Interest coverage ratio | 2.5x |
Cash | ₺79.67m |
Equity | ₺613.10m |
Total liabilities | ₺855.54m |
Total assets | ₺1.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HATEK's short term assets (TRY755.8M) do not cover its short term liabilities (TRY776.9M).
Long Term Liabilities: HATEK's short term assets (TRY755.8M) exceed its long term liabilities (TRY78.7M).
Debt to Equity History and Analysis
Debt Level: HATEK's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: HATEK's debt to equity ratio has increased from 35.8% to 78.9% over the past 5 years.
Debt Coverage: HATEK's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: HATEK's interest payments on its debt are not well covered by EBIT (2.5x coverage).