Turk Telekomunikasyon AS has a Cash Ratio of 0.35. 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 Turk Telekomunikasyon AS's Cash Ratio or its related term are showing as below:
TRKNY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.39 Max: 0.6
Current: 0.35
During the past 13 years, Turk Telekomunikasyon AS's highest Cash Ratio was 0.60. The lowest was 0.27. And the median was 0.39.
TRKNY's Cash Ratio is ranked better than 54.79% of 376
companies
in the Telecommunication Services industry
Industry Median: 0.3
vs TRKNY: 0.35
Turk Telekomunikasyon AS Cash Ratio Historical Data
* 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.
Competitive Comparison of Turk Telekomunikasyon AS's Cash Ratio
For the Telecom Services subindustry, Turk Telekomunikasyon 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.
Turk Telekomunikasyon AS's Cash Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Turk Telekomunikasyon AS's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Turk Telekomunikasyon AS's Cash Ratio falls into.
Turk Telekomunikasyon 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.
Turk Telekomunikasyon AS's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Turk Telekomunikasyon AS (OTCPK:TRKNY) 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.
Turk Telekomunikasyon AS Cash Ratio Related Terms
Thank you for viewing the detailed overview of Turk Telekomunikasyon AS's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Turk Telekomunikasyon AS is a multi-play telecommunications company that provides broadband, mobile, and TV services for companies and individuals. From a product perspective, revenue comes from mobile and broadband products, which are typically offered on a subscription basis. Within mobile, however, there is roughly an even split between postpaid and prepaid customers. Additionally, Turk Telekomunikasyon owns mobile and fiber infrastructure. The company generates the vast majority of its revenue in Turkey. The Group has two main segments; fixed line and mobile. Fixed line services are provided by Turk Telekom, TTNet, Argela, Innova, Sebit, AssisTT, TTES, TT Venture, TT Destek Hizmetleri and TTINT Group whereas mobile service is provided by TT Mobil.
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