Fonet Bilgi Teknolojileri Balance Sheet Health
Financial Health criteria checks 6/6
Fonet Bilgi Teknolojileri has a total shareholder equity of TRY1.0B and total debt of TRY14.1M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are TRY1.1B and TRY76.6M respectively. Fonet Bilgi Teknolojileri's EBIT is TRY71.8M making its interest coverage ratio -35.9. It has cash and short-term investments of TRY8.5M.
Key information
1.4%
Debt to equity ratio
₺14.09m
Debt
| Interest coverage ratio | -35.9x |
| Cash | ₺8.48m |
| Equity | ₺1.00b |
| Total liabilities | ₺76.56m |
| Total assets | ₺1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FONET's short term assets (TRY109.0M) exceed its short term liabilities (TRY64.3M).
Long Term Liabilities: FONET's short term assets (TRY109.0M) exceed its long term liabilities (TRY12.2M).
Debt to Equity History and Analysis
Debt Level: FONET's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: FONET's debt to equity ratio has reduced from 1.8% to 1.4% over the past 5 years.
Debt Coverage: FONET's debt is well covered by operating cash flow (831.5%).
Interest Coverage: FONET earns more interest than it pays, so coverage of interest payments is not a concern.