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 TRY590.8M and total debt of TRY22.3M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are TRY642.0M and TRY51.1M respectively. Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm's EBIT is TRY16.9M making its interest coverage ratio -1.1. It has cash and short-term investments of TRY66.4M.
Key information
3.8%
Debt to equity ratio
₺22.33m
Debt
| Interest coverage ratio | -1.1x |
| Cash | ₺66.43m |
| Equity | ₺590.85m |
| Total liabilities | ₺51.14m |
| Total assets | ₺641.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLAP's short term assets (TRY145.4M) exceed its short term liabilities (TRY46.3M).
Long Term Liabilities: FLAP's short term assets (TRY145.4M) exceed its long term liabilities (TRY4.9M).
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 29.9% to 3.8% over the past 5 years.
Debt Coverage: FLAP's debt is well covered by operating cash flow (95.3%).
Interest Coverage: FLAP earns more interest than it pays, so coverage of interest payments is not a concern.