Söktas Tekstil Sanayi Ve Ticaret Balance Sheet Health
Financial Health criteria checks 2/6
Söktas Tekstil Sanayi Ve Ticaret has a total shareholder equity of TRY738.4M and total debt of TRY735.7M, which brings its debt-to-equity ratio to 99.6%. Its total assets and total liabilities are TRY2.2B and TRY1.5B respectively. Söktas Tekstil Sanayi Ve Ticaret's EBIT is TRY113.0M making its interest coverage ratio -1.6. It has cash and short-term investments of TRY88.5M.
Key information
99.6%
Debt to equity ratio
₺735.65m
Debt
Interest coverage ratio | -1.6x |
Cash | ₺88.46m |
Equity | ₺738.41m |
Total liabilities | ₺1.47b |
Total assets | ₺2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKTAS's short term assets (TRY729.1M) do not cover its short term liabilities (TRY1.2B).
Long Term Liabilities: SKTAS's short term assets (TRY729.1M) exceed its long term liabilities (TRY222.4M).
Debt to Equity History and Analysis
Debt Level: SKTAS's net debt to equity ratio (87.6%) is considered high.
Reducing Debt: SKTAS's debt to equity ratio has reduced from 1454.9% to 99.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SKTAS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SKTAS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 67.6% each year