Ard Grup Bilisim Teknolojileri Anonim Sirketi Balance Sheet Health
Financial Health criteria checks 5/6
Ard Grup Bilisim Teknolojileri Anonim Sirketi has a total shareholder equity of TRY2.2B and total debt of TRY521.5M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are TRY3.2B and TRY955.2M respectively. Ard Grup Bilisim Teknolojileri Anonim Sirketi's EBIT is TRY899.0M making its interest coverage ratio 3.9. It has cash and short-term investments of TRY135.3M.
Key information
23.5%
Debt to equity ratio
₺521.55m
Debt
| Interest coverage ratio | 3.9x |
| Cash | ₺135.34m |
| Equity | ₺2.22b |
| Total liabilities | ₺955.16m |
| Total assets | ₺3.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARDYZ's short term assets (TRY1.5B) exceed its short term liabilities (TRY672.3M).
Long Term Liabilities: ARDYZ's short term assets (TRY1.5B) exceed its long term liabilities (TRY282.8M).
Debt to Equity History and Analysis
Debt Level: ARDYZ's net debt to equity ratio (17.4%) is considered satisfactory.
Reducing Debt: ARDYZ's debt to equity ratio has increased from 15.1% to 23.5% over the past 5 years.
Debt Coverage: ARDYZ's debt is well covered by operating cash flow (25%).
Interest Coverage: ARDYZ's interest payments on its debt are well covered by EBIT (3.9x coverage).