Çan2 Termik Balance Sheet Health
Financial Health criteria checks 5/6
Çan2 Termik has a total shareholder equity of TRY21.3B and total debt of TRY57.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are TRY24.3B and TRY3.0B respectively. Çan2 Termik's EBIT is TRY183.1M making its interest coverage ratio 0.2. It has cash and short-term investments of TRY50.1M.
Key information
0.3%
Debt to equity ratio
₺57.67m
Debt
| Interest coverage ratio | 0.2x |
| Cash | ₺50.09m |
| Equity | ₺21.26b |
| Total liabilities | ₺3.02b |
| Total assets | ₺24.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CANTE's short term assets (TRY5.2B) exceed its short term liabilities (TRY2.9B).
Long Term Liabilities: CANTE's short term assets (TRY5.2B) exceed its long term liabilities (TRY113.3M).
Debt to Equity History and Analysis
Debt Level: CANTE's net debt to equity ratio (0.04%) is considered satisfactory.
Reducing Debt: CANTE's debt to equity ratio has reduced from 163.1% to 0.3% over the past 5 years.
Debt Coverage: CANTE's debt is well covered by operating cash flow (8424.1%).
Interest Coverage: CANTE's interest payments on its debt are not well covered by EBIT (0.2x coverage).