Elite Naturel Organik Gida Sanayi ve Ticaret Balance Sheet Health
Financial Health criteria checks 5/6
Elite Naturel Organik Gida Sanayi ve Ticaret has a total shareholder equity of TRY615.0M and total debt of TRY84.2M, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are TRY900.0M and TRY285.0M respectively. Elite Naturel Organik Gida Sanayi ve Ticaret's EBIT is TRY302.5M making its interest coverage ratio -33.3. It has cash and short-term investments of TRY45.3M.
Key information
13.7%
Debt to equity ratio
₺84.21m
Debt
| Interest coverage ratio | -33.3x |
| Cash | ₺45.34m |
| Equity | ₺615.03m |
| Total liabilities | ₺284.95m |
| Total assets | ₺899.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELITE's short term assets (TRY636.0M) exceed its short term liabilities (TRY247.7M).
Long Term Liabilities: ELITE's short term assets (TRY636.0M) exceed its long term liabilities (TRY37.2M).
Debt to Equity History and Analysis
Debt Level: ELITE's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ELITE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ELITE's debt is well covered by operating cash flow (95.2%).
Interest Coverage: ELITE earns more interest than it pays, so coverage of interest payments is not a concern.