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 TRY557.8B and total debt of TRY46.2B, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are TRY1,233.8B and TRY676.1B respectively. Türk Hava Yollari Anonim Ortakligi's EBIT is TRY70.1B making its interest coverage ratio -2.7. It has cash and short-term investments of TRY190.6B.
Key information
8.3%
Debt to equity ratio
₺46.25b
Debt
| Interest coverage ratio | -2.7x |
| Cash | ₺190.61b |
| Equity | ₺557.77b |
| Total liabilities | ₺676.08b |
| Total assets | ₺1.23t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THYAO's short term assets (TRY312.0B) do not cover its short term liabilities (TRY331.6B).
Long Term Liabilities: THYAO's short term assets (TRY312.0B) do not cover its long term liabilities (TRY344.5B).
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 50.4% to 8.3% over the past 5 years.
Debt Coverage: THYAO's debt is well covered by operating cash flow (330.9%).
Interest Coverage: THYAO earns more interest than it pays, so coverage of interest payments is not a concern.