Türk Hava Yollari Anonim Ortakligi Balance Sheet Health
Financial Health criteria checks 4/6
Türk Hava Yollari Anonim Ortakligi has a total shareholder equity of TRY618.7B and total debt of TRY66.1B, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are TRY1,353.7B and TRY735.0B respectively. Türk Hava Yollari Anonim Ortakligi's EBIT is TRY68.0B making its interest coverage ratio -3.9. It has cash and short-term investments of TRY213.0B.
Key information
10.7%
Debt to equity ratio
₺66.08b
Debt
| Interest coverage ratio | -3.9x |
| Cash | ₺213.04b |
| Equity | ₺618.69b |
| Total liabilities | ₺734.98b |
| Total assets | ₺1.35t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THYAO's short term assets (TRY338.9B) do not cover its short term liabilities (TRY348.0B).
Long Term Liabilities: THYAO's short term assets (TRY338.9B) do not cover its long term liabilities (TRY387.0B).
Debt to Equity History and Analysis
Debt Level: THYAO has more cash than its total debt.
Reducing Debt: THYAO's debt to equity ratio has reduced from 43.7% to 10.7% over the past 5 years.
Debt Coverage: THYAO's debt is well covered by operating cash flow (287.8%).
Interest Coverage: THYAO earns more interest than it pays, so coverage of interest payments is not a concern.