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Sarkuysan Elektrolitik Bakirnayi AS (IST:SARKY) Cash Ratio : 0.09 (As of Dec. 2022)


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What is Sarkuysan Elektrolitik Bakirnayi 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. Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio for the quarter that ended in Dec. 2022 was 0.09.

Sarkuysan Elektrolitik Bakirnayi AS has a Cash Ratio of 0.09. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio or its related term are showing as below:

IST:SARKY' s Cash Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.07   Max: 0.11
Current: 0.09

During the past 13 years, Sarkuysan Elektrolitik Bakirnayi AS's highest Cash Ratio was 0.11. The lowest was 0.05. And the median was 0.07.

IST:SARKY's Cash Ratio is ranked worse than
84.98% of 2590 companies
in the Metals & Mining industry
Industry Median: 1.145 vs IST:SARKY: 0.09

Sarkuysan Elektrolitik Bakirnayi AS Cash Ratio Historical Data

The historical data trend for Sarkuysan Elektrolitik Bakirnayi 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.

Sarkuysan Elektrolitik Bakirnayi AS Cash Ratio Chart

Sarkuysan Elektrolitik Bakirnayi AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.07 0.11 0.10 0.09

Sarkuysan Elektrolitik Bakirnayi AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 0.06 0.07 0.11 0.10 0.09

Competitive Comparison of Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio

For the Copper subindustry, Sarkuysan Elektrolitik Bakirnayi 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.


Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio falls into.



Sarkuysan Elektrolitik Bakirnayi 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.

Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=489.928/5399.936
=0.09

Sarkuysan Elektrolitik Bakirnayi AS's Cash Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash Ratio (Q: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=489.928/5399.936
=0.09

* 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.


Sarkuysan Elektrolitik Bakirnayi AS  (IST:SARKY) 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.


Sarkuysan Elektrolitik Bakirnayi AS Cash Ratio Related Terms

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Sarkuysan Elektrolitik Bakirnayi AS (IST:SARKY) Business Description

Traded in Other Exchanges
N/A
Address
Emek Mahallesi Asiroglu Caddesi No. 147, Kocaeli, Darica, TUR, 41700
Sarkuysan Elektrolitik Bakir Sanayi AS engages in the production and trading of electrolytic copper wire and alloy. It operates through the following segments: Copper, Enameled Copper Wire, CTC Wire, Spools, Machinery, and Other. The company generates maximum revenue from the Copper segment. Its products include a cathode, wire rod, electrolytic tough pitch, and deoxidized high phosphorus with billet, single wire, multi-wire, bunched conductors, flat wire, overhead catenary system wires, copper tube, and busbar, and copper nugget.

Sarkuysan Elektrolitik Bakirnayi AS (IST:SARKY) Headlines

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