Asce Gayrimenkul Yatirim Ortakligi AS (IST:ASGYO) Cash-to-Debt : 74.42 (As of Sep. 2023)

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What is Asce Gayrimenkul Yatirim Ortakligi 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. Asce Gayrimenkul Yatirim Ortakligi AS's cash to debt ratio for the quarter that ended in Sep. 2023 was 74.42.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Asce Gayrimenkul Yatirim Ortakligi AS could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Asce Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt or its related term are showing as below:

IST:ASGYO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 74.42
Current: 74.42

During the past 3 years, Asce Gayrimenkul Yatirim Ortakligi AS's highest Cash to Debt Ratio was 74.42. The lowest was 0.02. And the median was 0.06.

IST:ASGYO's Cash-to-Debt is ranked better than
90.02% of 1794 companies
in the Real Estate industry
Industry Median: 0.255 vs IST:ASGYO: 74.42

Asce Gayrimenkul Yatirim Ortakligi AS Cash-to-Debt Historical Data

The historical data trend for Asce Gayrimenkul Yatirim Ortakligi 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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Asce Gayrimenkul Yatirim Ortakligi AS Cash-to-Debt Chart

Asce Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.04

0.02

0.16

Asce Gayrimenkul Yatirim Ortakligi AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	N/A	0.16	0.06	74.42

Competitive Comparison of Asce Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt

For the Real Estate - Development subindustry, Asce Gayrimenkul Yatirim Ortakligi 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.

Asce Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Asce Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Asce Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt falls into.

Asce Gayrimenkul Yatirim Ortakligi 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.

Asce Gayrimenkul Yatirim Ortakligi 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)
	=	26.774	/	(168.487	+	0)
	=	0.16

Asce Gayrimenkul Yatirim Ortakligi 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)
	=	1059.653	/	(14.238	+	0)
	=	74.42

Asce Gayrimenkul Yatirim Ortakligi AS (IST:ASGYO) 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.

Asce Gayrimenkul Yatirim Ortakligi AS Cash-to-Debt Related Terms

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Asce Gayrimenkul Yatirim Ortakligi AS (IST:ASGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Asce Gayrimenkul Yatirim Ortakligi AS (IST:ASGYO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zübeyde Hanim Bulvari Number 64, ?ehitkamil District, Gaziantep, TUR, 27060

Website

https://www.ascegyo.com.tr/iletisim

Asce Gayrimenkul Yatirim Ortakligi AS is engaged in the business of Construction Sector. The Company's projects are Asce Boutique, Asce Luxury, Asce Fatih, Asce Lighter and Asce Marmara.

Asce Gayrimenkul Yatirim Ortakligi AS (IST:ASGYO) Headlines

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