Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm Balance Sheet Health
Financial Health criteria checks 6/6
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm has a total shareholder equity of TRY716.3M and total debt of TRY8.2M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are TRY813.4M and TRY97.1M respectively. Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm's EBIT is TRY4.9M making its interest coverage ratio -0.3. It has cash and short-term investments of TRY17.9M.
Key information
1.1%
Debt to equity ratio
₺8.21m
Debt
| Interest coverage ratio | -0.3x |
| Cash | ₺17.92m |
| Equity | ₺716.32m |
| Total liabilities | ₺97.06m |
| Total assets | ₺813.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLAP's short term assets (TRY176.0M) exceed its short term liabilities (TRY92.1M).
Long Term Liabilities: FLAP's short term assets (TRY176.0M) exceed its long term liabilities (TRY5.0M).
Debt to Equity History and Analysis
Debt Level: FLAP has more cash than its total debt.
Reducing Debt: FLAP's debt to equity ratio has reduced from 33.8% to 1.1% over the past 5 years.
Debt Coverage: FLAP's debt is well covered by operating cash flow (183.1%).
Interest Coverage: FLAP earns more interest than it pays, so coverage of interest payments is not a concern.