Cates Elektrik Uretim AS (IST:CATES) Cash-to-Debt : 0.75 (As of Mar. 2024)

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What is Cates Elektrik Uretim 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. Cates Elektrik Uretim AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.75.

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, Cates Elektrik Uretim AS couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

IST:CATES' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.9
Current: 0.75

During the past 4 years, Cates Elektrik Uretim AS's highest Cash to Debt Ratio was 0.90. The lowest was 0.01. And the median was 0.04.

IST:CATES's Cash-to-Debt is ranked better than
72.29% of 433 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs IST:CATES: 0.75

Cates Elektrik Uretim AS Cash-to-Debt Historical Data

The historical data trend for Cates Elektrik Uretim 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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Cates Elektrik Uretim AS Cash-to-Debt Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

0.01

0.90

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					N/A	0.03	0.20	0.90	0.75

Competitive Comparison of Cates Elektrik Uretim AS's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Cates Elektrik Uretim 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.

Cates Elektrik Uretim AS's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cates Elektrik Uretim AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cates Elektrik Uretim AS's Cash-to-Debt falls into.

Cates Elektrik Uretim 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.

Cates Elektrik Uretim 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)
	=	1143.827	/	(1226.573	+	42.358)
	=	0.90

Cates Elektrik Uretim AS's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	979.077	/	(1262.919	+	44.851)
	=	0.75

Cates Elektrik Uretim AS (IST:CATES) 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.

Cates Elektrik Uretim AS Cash-to-Debt Related Terms

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Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

Cates Elektrik Uretim AS (IST:CATES) Headlines

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