Artemis Hali AS (IST:ARTMS) Cash-to-Debt : 0.06 (As of Sep. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Artemis Hali 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. Artemis Hali AS's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.06.

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, Artemis Hali AS couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

IST:ARTMS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.06
Current: 0.06

During the past 3 years, Artemis Hali AS's highest Cash to Debt Ratio was 0.06. The lowest was 0.04. And the median was 0.05.

IST:ARTMS's Cash-to-Debt is ranked worse than
84.11% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs IST:ARTMS: 0.06

Artemis Hali AS Cash-to-Debt Historical Data

The historical data trend for Artemis Hali 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.

* Premium members only.

Artemis Hali AS Cash-to-Debt Chart

Artemis Hali AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.05

0.04

Artemis Hali AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Cash-to-Debt	0.05	0.04	N/A	0.04	0.06

Competitive Comparison of Artemis Hali AS's Cash-to-Debt

For the Textile Manufacturing subindustry, Artemis Hali 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.

Artemis Hali AS's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Artemis Hali AS's Cash-to-Debt distribution charts can be found below:

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

Artemis Hali 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.

Artemis Hali AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	5.413	/	(131.706	+	10.169)
	=	0.04

Artemis Hali AS's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	23.912	/	(321.018	+	57.456)
	=	0.06

Artemis Hali AS (IST:ARTMS) 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.

Artemis Hali AS Cash-to-Debt Related Terms

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

Artemis Hali AS (IST:ARTMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Artemis Hali AS (IST:ARTMS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balmumcu District Itri Street No:8/1, Turkey, TUR

Website

https://www.artemishali.com.tr

Artemis Hali AS is a company whose business activity is manufacturing, importing, exporting, buying-selling and marketing all kinds of handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets and textile products.

Artemis Hali AS (IST:ARTMS) Headlines

No Headlines