Frigo-Pak Gida Maddeleri Sanayi ve Ticaret Balance Sheet Health
Financial Health criteria checks 5/6
Frigo-Pak Gida Maddeleri Sanayi ve Ticaret has a total shareholder equity of TRY332.4M and total debt of TRY74.6M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are TRY614.9M and TRY282.5M respectively. Frigo-Pak Gida Maddeleri Sanayi ve Ticaret's EBIT is TRY110.2M making its interest coverage ratio -2.8. It has cash and short-term investments of TRY34.9M.
Key information
22.4%
Debt to equity ratio
₺74.59m
Debt
Interest coverage ratio | -2.8x |
Cash | ₺34.91m |
Equity | ₺332.43m |
Total liabilities | ₺282.46m |
Total assets | ₺614.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRIGO's short term assets (TRY451.2M) exceed its short term liabilities (TRY223.6M).
Long Term Liabilities: FRIGO's short term assets (TRY451.2M) exceed its long term liabilities (TRY58.9M).
Debt to Equity History and Analysis
Debt Level: FRIGO's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: FRIGO's debt to equity ratio has reduced from 208.7% to 22.4% over the past 5 years.
Debt Coverage: FRIGO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FRIGO earns more interest than it pays, so coverage of interest payments is not a concern.