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 TRY2.9B and total debt of TRY4.9B, which brings its debt-to-equity ratio to 170.7%. Its total assets and total liabilities are TRY14.9B and TRY12.1B respectively. Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret's EBIT is TRY1.4B making its interest coverage ratio 1.6. It has cash and short-term investments of TRY590.2M.
Key information
170.7%
Debt to equity ratio
₺4.88b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₺590.25m |
| Equity | ₺2.86b |
| Total liabilities | ₺12.06b |
| Total assets | ₺14.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMRTG's short term assets (TRY10.3B) exceed its short term liabilities (TRY9.7B).
Long Term Liabilities: SMRTG's short term assets (TRY10.3B) exceed its long term liabilities (TRY2.3B).
Debt to Equity History and Analysis
Debt Level: SMRTG's net debt to equity ratio (150.1%) is considered high.
Reducing Debt: SMRTG's debt to equity ratio has reduced from 322.9% to 170.7% over the past 5 years.
Debt Coverage: SMRTG's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: SMRTG's interest payments on its debt are not well covered by EBIT (1.6x coverage).