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This study reveals that effects of 2001 crisis which happaned in Turkey on firms’s financial structure. For this purpose, we studied on balance sheets and income tables that were selected period from 09.1999 to 09.2003 of food firms in ISE. In order to reach data for showing effects of the crisis, the financial tables were analyzed by ratio analysis method. Research findings were separated for four titles as liquidity ratio, financial structure ratio, activity ratio and profitability ratio to assess. The results of this study, in crisis period, cash ratio of the firms decreased. Moreover, the amount of equity in total resources declined while, firms’ debt burden soared. Therefore, when the structure of firms’debt was observed, inspite of high interest rate, short term debt rose in crisis period. Because of that, the firms’ financial structure deteriorated and faced more risky situation. On the other side, although firms had positive gross margin, increasing financing expenses effected firms’ profitability negatively.
This study reveals that the effects of the 2001 crisis which happaned in Turkey on the firms' financial structure. For this purpose, we studied on balance sheets and income tables that were selected period from 09.1999 to 09.2003 of food firms in ISE. In order to reach data for showing effects of the crisis, the financial tables were analyzed by ratio analysis method. Research findings were separated for four titles as liquidity ratio, financial structure ratio, activity ratio and profitability ratio to assess. The results of this study, in crisis period, the cash ratio of the firms decreased. Moreover, the amount of equity in total resources declined while, firms' debt here soared. Therefore, when the structure of firms'debt was observed, inspite of high interest rate, short-term debt rose in crisis period. Because of that, the firms' financial structure deteriorated and faced more risky situation. On the other hand, although firms had positive gross margin, increasing financing expenses effected firms' profitability negatively.
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