Turcas Petrol Balance Sheet Health
Financial Health criteria checks 4/6
Turcas Petrol has a total shareholder equity of TRY6.4B and total debt of TRY400.2M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are TRY6.8B and TRY423.2M respectively.
Key information
6.2%
Debt to equity ratio
₺400.18m
Debt
Interest coverage ratio | n/a |
Cash | ₺399.36m |
Equity | ₺6.42b |
Total liabilities | ₺423.19m |
Total assets | ₺6.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRCAS's short term assets (TRY402.5M) exceed its short term liabilities (TRY242.2M).
Long Term Liabilities: TRCAS's short term assets (TRY402.5M) exceed its long term liabilities (TRY181.0M).
Debt to Equity History and Analysis
Debt Level: TRCAS's net debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: TRCAS's debt to equity ratio has reduced from 133.7% to 6.2% over the past 5 years.
Debt Coverage: TRCAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TRCAS's interest payments on its debt are well covered by EBIT.