Turcas Petrol Balance Sheet Health
Financial Health criteria checks 6/6
Turcas Petrol has a total shareholder equity of TRY9.9B and total debt of TRY0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are TRY10.0B and TRY27.9M respectively. Turcas Petrol's EBIT is TRY143.4M making its interest coverage ratio -0.4. It has cash and short-term investments of TRY488.4M.
Key information
0%
Debt to equity ratio
₺0
Debt
| Interest coverage ratio | -0.4x |
| Cash | ₺488.40m |
| Equity | ₺9.94b |
| Total liabilities | ₺27.92m |
| Total assets | ₺9.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRCAS's short term assets (TRY494.6M) exceed its short term liabilities (TRY24.0M).
Long Term Liabilities: TRCAS's short term assets (TRY494.6M) exceed its long term liabilities (TRY4.0M).
Debt to Equity History and Analysis
Debt Level: TRCAS is debt free.
Reducing Debt: TRCAS has no debt compared to 5 years ago when its debt to equity ratio was 128.3%.
Debt Coverage: TRCAS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TRCAS has no debt, therefore coverage of interest payments is not a concern.