Tekfen Holding AS (IST:TKFEN) Cash-to-Debt : 0.72 (As of Dec. 2023)

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What is Tekfen Holding AS Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tekfen Holding AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.72.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tekfen Holding AS couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Tekfen Holding AS's Cash-to-Debt or its related term are showing as below:

IST:TKFEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 1.34 Max: 4.91
Current: 0.72

During the past 13 years, Tekfen Holding AS's highest Cash to Debt Ratio was 4.91. The lowest was 0.72. And the median was 1.34.

IST:TKFEN's Cash-to-Debt is ranked better than
53.25% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs IST:TKFEN: 0.72

Tekfen Holding AS Cash-to-Debt Historical Data

The historical data trend for Tekfen Holding AS's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Tekfen Holding AS Cash-to-Debt Chart

Tekfen Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.91

1.42

1.46

0.92

0.72

Tekfen Holding AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.92	1.31	0.64	0.67	0.72

Competitive Comparison of Tekfen Holding AS's Cash-to-Debt

For the Engineering & Construction subindustry, Tekfen Holding AS's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tekfen Holding AS's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tekfen Holding AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tekfen Holding AS's Cash-to-Debt falls into.

Tekfen Holding AS Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Tekfen Holding AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6624.686	/	(6773.085	+	2407.66)
	=	0.72

Tekfen Holding AS's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6624.686	/	(6773.085	+	2407.66)
	=	0.72

Tekfen Holding AS (IST:TKFEN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Tekfen Holding AS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tekfen Holding AS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tekfen Holding AS (IST:TKFEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekfen Holding AS (IST:TKFEN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TKFHY:USA

Address

Kultur Mahallesi, Tekfen Sitesi, Budak Sokak, A Blok, No. 7, Ulus-Besiktas, Istanbul, TUR, 34340

Website

https://www.tekfen.com.tr

Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Chemical Industry; Agricultural Production; Service and Investment. It generates maximum revenue from the Chemical Industry segment. The Chemical Industry segment is mainly focused on fertilizer production, continues its activities in the fields of mineral fertilizers as well as special water soluble fertilizers and organic/organomineral fertilizers. It also manufactures bags used in fertilizer packaging in its own facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process.

Tekfen Holding AS (IST:TKFEN) Headlines

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