Garanti Faktoring AS (IST:GARFA) Cash-to-Debt : 0.01 (As of Sep. 2024)

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What is Garanti Faktoring 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. Garanti Faktoring AS's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.01.

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, Garanti Faktoring AS couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

IST:GARFA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.06
Current: 0.01

During the past 13 years, Garanti Faktoring AS's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.01.

IST:GARFA's Cash-to-Debt is ranked worse than
93.75% of 512 companies
in the Credit Services industry
Industry Median: 0.23 vs IST:GARFA: 0.01

Garanti Faktoring AS Cash-to-Debt Historical Data

The historical data trend for Garanti Faktoring 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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Garanti Faktoring AS Cash-to-Debt Chart

Garanti Faktoring AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

Garanti Faktoring AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Competitive Comparison of Garanti Faktoring AS's Cash-to-Debt

For the Credit Services subindustry, Garanti Faktoring 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.

Garanti Faktoring AS's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Garanti Faktoring AS's Cash-to-Debt distribution charts can be found below:

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

Garanti Faktoring AS Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Garanti Faktoring AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	56.337	/	(0	+	9832.396)
	=	0.01

Garanti Faktoring AS's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	50.591	/	(0	+	7854.613)
	=	0.01

Garanti Faktoring AS (IST:GARFA) 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.

Garanti Faktoring AS Cash-to-Debt Related Terms

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

Garanti Faktoring AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Garanti Faktoring AS (IST:GARFA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maslak Mahalles Eski Buyukdere Caddesi No. 23, Sariyer, Istanbul, TUR, 34398

Website

http://www.garantifactoring.com

Garanti Faktoring AS is a Turkish company which offers factoring services where time receivables of companies arising out of their domestic and overseas service sales are taken over by Garanti to offer one or more of financing, guarantee and collection services. The company focuses on trade financing and receivable-based financing and provides financing, guarantee and collection products. It offers financing service to customers whose goods/services sales are realized on the account and as check account sales and delivers regular cash flow. The company also affords supplier financing to supplier companies the benefit of payment of their receivables without waiting for maturity, and to buyer companies the benefit of payment due date extension.

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