Smartiks Yazilim Balance Sheet Health
Financial Health criteria checks 5/6
Smartiks Yazilim has a total shareholder equity of TRY315.8M and total debt of TRY43.7M, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are TRY406.6M and TRY90.7M respectively. Smartiks Yazilim's EBIT is TRY60.4M making its interest coverage ratio 5.3. It has cash and short-term investments of TRY3.0M.
Key information
13.8%
Debt to equity ratio
₺43.71m
Debt
| Interest coverage ratio | 5.3x |
| Cash | ₺2.98m |
| Equity | ₺315.80m |
| Total liabilities | ₺90.75m |
| Total assets | ₺406.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMART's short term assets (TRY111.6M) exceed its short term liabilities (TRY88.2M).
Long Term Liabilities: SMART's short term assets (TRY111.6M) exceed its long term liabilities (TRY2.5M).
Debt to Equity History and Analysis
Debt Level: SMART's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: SMART's debt to equity ratio has increased from 4.2% to 13.8% over the past 5 years.
Debt Coverage: SMART's debt is well covered by operating cash flow (233.5%).
Interest Coverage: SMART's interest payments on its debt are well covered by EBIT (5.3x coverage).