Deva Holding Balance Sheet Health
Financial Health criteria checks 5/6
Deva Holding has a total shareholder equity of TRY19.8B and total debt of TRY6.3B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are TRY28.9B and TRY9.1B respectively. Deva Holding's EBIT is TRY2.1B making its interest coverage ratio 1.1. It has cash and short-term investments of TRY2.9B.
Key information
31.9%
Debt to equity ratio
₺6.31b
Debt
| Interest coverage ratio | 1.1x |
| Cash | ₺2.86b |
| Equity | ₺19.79b |
| Total liabilities | ₺9.13b |
| Total assets | ₺28.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DEVA's short term assets (TRY12.4B) exceed its short term liabilities (TRY7.9B).
Long Term Liabilities: DEVA's short term assets (TRY12.4B) exceed its long term liabilities (TRY1.2B).
Debt to Equity History and Analysis
Debt Level: DEVA's net debt to equity ratio (17.5%) is considered satisfactory.
Reducing Debt: DEVA's debt to equity ratio has reduced from 81.1% to 31.9% over the past 5 years.
Debt Coverage: DEVA's debt is well covered by operating cash flow (26.5%).
Interest Coverage: DEVA's interest payments on its debt are not well covered by EBIT (1.1x coverage).