Kervan Gida Sanayi ve Ticaret Balance Sheet Health
Financial Health criteria checks 2/6
Kervan Gida Sanayi ve Ticaret has a total shareholder equity of TRY5.4B and total debt of TRY4.2B, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are TRY12.0B and TRY6.6B respectively. Kervan Gida Sanayi ve Ticaret's EBIT is TRY60.0M making its interest coverage ratio 0.3. It has cash and short-term investments of TRY279.6M.
Key information
77.8%
Debt to equity ratio
₺4.21b
Debt
| Interest coverage ratio | 0.3x |
| Cash | ₺279.63m |
| Equity | ₺5.41b |
| Total liabilities | ₺6.61b |
| Total assets | ₺12.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRVGD's short term assets (TRY5.5B) do not cover its short term liabilities (TRY5.9B).
Long Term Liabilities: KRVGD's short term assets (TRY5.5B) exceed its long term liabilities (TRY736.0M).
Debt to Equity History and Analysis
Debt Level: KRVGD's net debt to equity ratio (72.7%) is considered high.
Reducing Debt: KRVGD's debt to equity ratio has reduced from 102.7% to 77.8% over the past 5 years.
Debt Coverage: KRVGD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KRVGD's interest payments on its debt are not well covered by EBIT (0.3x coverage).