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Oyak Yatirim Ortakligi AS (IST:OYAYO) Cash Ratio : 11.79 (As of Sep. 2024)


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What is Oyak Yatirim Ortakligi AS Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Oyak Yatirim Ortakligi AS's Cash Ratio for the quarter that ended in Sep. 2024 was 11.79.

Oyak Yatirim Ortakligi AS has a Cash Ratio of 11.79. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Oyak Yatirim Ortakligi AS's Cash Ratio or its related term are showing as below:

IST:OYAYO' s Cash Ratio Range Over the Past 10 Years
Min: 10.56   Med: 133.13   Max: 322.91
Current: 11.79

During the past 13 years, Oyak Yatirim Ortakligi AS's highest Cash Ratio was 322.91. The lowest was 10.56. And the median was 133.13.

IST:OYAYO's Cash Ratio is ranked better than
80.76% of 655 companies
in the Asset Management industry
Industry Median: 1.53 vs IST:OYAYO: 11.79

Oyak Yatirim Ortakligi AS Cash Ratio Historical Data

The historical data trend for Oyak Yatirim Ortakligi AS's Cash Ratio 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.

* Premium members only.

Oyak Yatirim Ortakligi AS Cash Ratio Chart

Oyak Yatirim Ortakligi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 225.21 267.44 26.81 20.60 166.35

Oyak Yatirim Ortakligi AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 111.36 166.35 182.54 119.61 11.79

Competitive Comparison of Oyak Yatirim Ortakligi AS's Cash Ratio

For the Asset Management subindustry, Oyak Yatirim Ortakligi AS's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.


Oyak Yatirim Ortakligi AS's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Oyak Yatirim Ortakligi AS's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Oyak Yatirim Ortakligi AS's Cash Ratio falls into.



Oyak Yatirim Ortakligi AS Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Oyak Yatirim Ortakligi AS's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=74.024/0.445
=166.35

Oyak Yatirim Ortakligi AS's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=105.348/8.932
=11.79

* 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.


Oyak Yatirim Ortakligi AS  (IST:OYAYO) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


Oyak Yatirim Ortakligi AS Cash Ratio Related Terms

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Oyak Yatirim Ortakligi AS Business Description

Traded in Other Exchanges
N/A
Address
Akatlar Mahallesi Ebulula Mardin Caddesi, Maya Sitesi F2 C Block No: 24/3, Besiktas Levent, Istanbul, TUR, 34335
Oyak Yatirim Ortakligi AS is an investment trust. It is engaged in portfolio creation and management of gold and other precious metals traded in national and international stock exchanges or in non-exchange organized markets.

Oyak Yatirim Ortakligi AS Headlines

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