Türk Tuborg Bira ve Malt Sanayii Balance Sheet Health
Financial Health criteria checks 5/6
Türk Tuborg Bira ve Malt Sanayii has a total shareholder equity of TRY10.3B and total debt of TRY2.2B, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are TRY19.3B and TRY9.0B respectively. Türk Tuborg Bira ve Malt Sanayii's EBIT is TRY1.5B making its interest coverage ratio -7.3. It has cash and short-term investments of TRY5.2B.
Key information
21.9%
Debt to equity ratio
₺2.25b
Debt
Interest coverage ratio | -7.3x |
Cash | ₺5.24b |
Equity | ₺10.26b |
Total liabilities | ₺9.02b |
Total assets | ₺19.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TBORG's short term assets (TRY11.5B) exceed its short term liabilities (TRY8.7B).
Long Term Liabilities: TBORG's short term assets (TRY11.5B) exceed its long term liabilities (TRY306.4M).
Debt to Equity History and Analysis
Debt Level: TBORG has more cash than its total debt.
Reducing Debt: TBORG's debt to equity ratio has increased from 5.8% to 21.9% over the past 5 years.
Debt Coverage: TBORG's debt is well covered by operating cash flow (142.4%).
Interest Coverage: TBORG earns more interest than it pays, so coverage of interest payments is not a concern.