Gimat Magazacilik Sanayi ve Ticaret Balance Sheet Health
Financial Health criteria checks 5/6
Gimat Magazacilik Sanayi ve Ticaret has a total shareholder equity of TRY2.0B and total debt of TRY60.5M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are TRY2.4B and TRY409.5M respectively. Gimat Magazacilik Sanayi ve Ticaret's EBIT is TRY206.5M making its interest coverage ratio -1.8. It has cash and short-term investments of TRY86.5M.
Key information
3.0%
Debt to equity ratio
₺60.53m
Debt
Interest coverage ratio | -1.8x |
Cash | ₺86.47m |
Equity | ₺1.99b |
Total liabilities | ₺409.48m |
Total assets | ₺2.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMTAS's short term assets (TRY623.0M) exceed its short term liabilities (TRY266.0M).
Long Term Liabilities: GMTAS's short term assets (TRY623.0M) exceed its long term liabilities (TRY143.5M).
Debt to Equity History and Analysis
Debt Level: GMTAS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if GMTAS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GMTAS's debt is well covered by operating cash flow (159.3%).
Interest Coverage: GMTAS earns more interest than it pays, so coverage of interest payments is not a concern.