Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi Balance Sheet Health
Financial Health criteria checks 5/6
Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi has a total shareholder equity of TRY655.3M and total debt of TRY104.9M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are TRY1.1B and TRY447.1M respectively. Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi's EBIT is TRY71.4M making its interest coverage ratio -1.5. It has cash and short-term investments of TRY127.4M.
Key information
16.0%
Debt to equity ratio
₺104.91m
Debt
| Interest coverage ratio | -1.5x |
| Cash | ₺127.44m |
| Equity | ₺655.35m |
| Total liabilities | ₺447.14m |
| Total assets | ₺1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTE's short term assets (TRY744.7M) exceed its short term liabilities (TRY394.1M).
Long Term Liabilities: FORTE's short term assets (TRY744.7M) exceed its long term liabilities (TRY53.0M).
Debt to Equity History and Analysis
Debt Level: FORTE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FORTE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FORTE's debt is well covered by operating cash flow (102.2%).
Interest Coverage: FORTE earns more interest than it pays, so coverage of interest payments is not a concern.