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 TRY3.2B and total debt of TRY5.8B, which brings its debt-to-equity ratio to 178.9%. Its total assets and total liabilities are TRY15.1B and TRY11.9B respectively. Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret's EBIT is TRY519.3M making its interest coverage ratio 0.4. It has cash and short-term investments of TRY609.1M.
Key information
178.9%
Debt to equity ratio
₺5.78b
Debt
| Interest coverage ratio | 0.4x |
| Cash | ₺609.05m |
| Equity | ₺3.23b |
| Total liabilities | ₺11.90b |
| Total assets | ₺15.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMRTG's short term assets (TRY9.1B) do not cover its short term liabilities (TRY9.5B).
Long Term Liabilities: SMRTG's short term assets (TRY9.1B) exceed its long term liabilities (TRY2.4B).
Debt to Equity History and Analysis
Debt Level: SMRTG's net debt to equity ratio (160%) is considered high.
Reducing Debt: SMRTG's debt to equity ratio has reduced from 342.1% to 178.9% over the past 5 years.
Debt Coverage: SMRTG's debt is well covered by operating cash flow (32.8%).
Interest Coverage: SMRTG's interest payments on its debt are not well covered by EBIT (0.4x coverage).