Fonet Bilgi Teknolojileri Balance Sheet Health
Financial Health criteria checks 6/6
Fonet Bilgi Teknolojileri has a total shareholder equity of TRY236.2M and total debt of TRY1.6M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are TRY356.6M and TRY120.4M respectively. Fonet Bilgi Teknolojileri's EBIT is TRY67.6M making its interest coverage ratio -77.4. It has cash and short-term investments of TRY11.4M.
Key information
0.7%
Debt to equity ratio
₺1.62m
Debt
Interest coverage ratio | -77.4x |
Cash | ₺11.42m |
Equity | ₺236.22m |
Total liabilities | ₺120.42m |
Total assets | ₺356.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FONET's short term assets (TRY94.2M) exceed its short term liabilities (TRY79.2M).
Long Term Liabilities: FONET's short term assets (TRY94.2M) exceed its long term liabilities (TRY41.2M).
Debt to Equity History and Analysis
Debt Level: FONET has more cash than its total debt.
Reducing Debt: FONET's debt to equity ratio has reduced from 5.1% to 0.7% over the past 5 years.
Debt Coverage: FONET's debt is well covered by operating cash flow (6784.3%).
Interest Coverage: FONET earns more interest than it pays, so coverage of interest payments is not a concern.