Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi Balance Sheet Health
Financial Health criteria checks 4/6
Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi has a total shareholder equity of TRY491.9M and total debt of TRY63.9M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are TRY666.6M and TRY174.7M respectively. Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi's EBIT is TRY118.6M making its interest coverage ratio -5.6. It has cash and short-term investments of TRY289.0M.
Key information
13.0%
Debt to equity ratio
₺63.91m
Debt
Interest coverage ratio | -5.6x |
Cash | ₺289.00m |
Equity | ₺491.87m |
Total liabilities | ₺174.70m |
Total assets | ₺666.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORTE's short term assets (TRY599.5M) exceed its short term liabilities (TRY164.6M).
Long Term Liabilities: FORTE's short term assets (TRY599.5M) exceed its long term liabilities (TRY10.1M).
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 not well covered by operating cash flow (11.8%).
Interest Coverage: FORTE earns more interest than it pays, so coverage of interest payments is not a concern.