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 TRY2.4B and total debt of TRY1.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are TRY2.8B and TRY337.8M respectively. Gimat Magazacilik Sanayi ve Ticaret's EBIT is TRY159.1M making its interest coverage ratio -1.4. It has cash and short-term investments of TRY249.8M.
Key information
0.04%
Debt to equity ratio
₺1.02m
Debt
| Interest coverage ratio | -1.4x |
| Cash | ₺249.79m |
| Equity | ₺2.41b |
| Total liabilities | ₺337.80m |
| Total assets | ₺2.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMTAS's short term assets (TRY662.3M) exceed its short term liabilities (TRY245.1M).
Long Term Liabilities: GMTAS's short term assets (TRY662.3M) exceed its long term liabilities (TRY92.7M).
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 (22054.4%).
Interest Coverage: GMTAS earns more interest than it pays, so coverage of interest payments is not a concern.