Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret Balance Sheet Health
Financial Health criteria checks 3/6
Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret has a total shareholder equity of TRY2.1B and total debt of TRY3.7B, which brings its debt-to-equity ratio to 174.7%. Its total assets and total liabilities are TRY10.6B and TRY8.4B respectively. Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret's EBIT is TRY1.7B making its interest coverage ratio 2.3. It has cash and short-term investments of TRY829.0M.
Key information
174.7%
Debt to equity ratio
₺3.72b
Debt
Interest coverage ratio | 2.3x |
Cash | ₺828.96m |
Equity | ₺2.13b |
Total liabilities | ₺8.42b |
Total assets | ₺10.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMRTG's short term assets (TRY7.1B) exceed its short term liabilities (TRY6.4B).
Long Term Liabilities: SMRTG's short term assets (TRY7.1B) exceed its long term liabilities (TRY2.0B).
Debt to Equity History and Analysis
Debt Level: SMRTG's net debt to equity ratio (135.7%) is considered high.
Reducing Debt: SMRTG's debt to equity ratio has reduced from 237.4% to 174.7% over the past 5 years.
Debt Coverage: SMRTG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SMRTG's interest payments on its debt are not well covered by EBIT (2.3x coverage).