Banvit Bandirma Vitaminli Yemnayii AS (IST:BANVT) Cash-to-Debt : 2.11 (As of Jun. 2024)

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What is Banvit Bandirma Vitaminli Yemnayii 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. Banvit Bandirma Vitaminli Yemnayii AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.11.

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, Banvit Bandirma Vitaminli Yemnayii AS could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Banvit Bandirma Vitaminli Yemnayii AS's Cash-to-Debt or its related term are showing as below:

IST:BANVT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.47 Max: 2.11
Current: 2.11

During the past 13 years, Banvit Bandirma Vitaminli Yemnayii AS's highest Cash to Debt Ratio was 2.11. The lowest was 0.01. And the median was 0.47.

IST:BANVT's Cash-to-Debt is ranked better than
71.45% of 1874 companies
in the Consumer Packaged Goods industry
Industry Median: 0.505 vs IST:BANVT: 2.11

Banvit Bandirma Vitaminli Yemnayii AS Cash-to-Debt Historical Data

The historical data trend for Banvit Bandirma Vitaminli Yemnayii 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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Banvit Bandirma Vitaminli Yemnayii AS Cash-to-Debt Chart

Banvit Bandirma Vitaminli Yemnayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.80

0.67

0.26

0.88

Banvit Bandirma Vitaminli Yemnayii AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.47	0.88	1.27	2.11

Competitive Comparison of Banvit Bandirma Vitaminli Yemnayii AS's Cash-to-Debt

For the Packaged Foods subindustry, Banvit Bandirma Vitaminli Yemnayii 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.

Banvit Bandirma Vitaminli Yemnayii AS's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Banvit Bandirma Vitaminli Yemnayii AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Banvit Bandirma Vitaminli Yemnayii AS's Cash-to-Debt falls into.

Banvit Bandirma Vitaminli Yemnayii 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.

Banvit Bandirma Vitaminli Yemnayii AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1195.948	/	(1279.043	+	80.555)
	=	0.88

Banvit Bandirma Vitaminli Yemnayii AS's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	3141.536	/	(1286.903	+	203.371)
	=	2.11

Banvit Bandirma Vitaminli Yemnayii AS (IST:BANVT) 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.

Banvit Bandirma Vitaminli Yemnayii AS Cash-to-Debt Related Terms

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

Banvit Bandirma Vitaminli Yemnayii AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Banvit Bandirma Vitaminli Yem Sanayii AS (IST:BANVT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 208 Bandirma, Omerli Mahallesi, Omerli Sokak, Balikesir, TUR, 10201

Website

http://www.banvit.com

Banvit Bandirma Vitaminli Yem Sanayii AS is a Turkey-based company involved in Meat Production and Live Production. The products of the company include Chicken, Turkey, Delicatessen and Ready products like Burgers, Meatballs, Kebabs, Coated and Pastries. The company's geographical segments include Turkey, Romania, and the United Arab Emirates, out of which the majority of the revenue is generated from Turkey.

Banvit Bandirma Vitaminli Yemnayii AS Headlines

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