Ihlas Haber Ajansi AS (IST:IHAAS) Cash-to-Debt : 1.33 (As of Mar. 2024)

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What is Ihlas Haber Ajansi 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. Ihlas Haber Ajansi AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.33.

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, Ihlas Haber Ajansi AS could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

IST:IHAAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.33 Med: 18.86 Max: 28.07
Current: 1.33

During the past 4 years, Ihlas Haber Ajansi AS's highest Cash to Debt Ratio was 28.07. The lowest was 1.33. And the median was 18.86.

IST:IHAAS's Cash-to-Debt is ranked better than
50.58% of 1036 companies
in the Media - Diversified industry
Industry Median: 1.28 vs IST:IHAAS: 1.33

Ihlas Haber Ajansi AS Cash-to-Debt Historical Data

The historical data trend for Ihlas Haber Ajansi 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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Ihlas Haber Ajansi AS Cash-to-Debt Chart

Ihlas Haber Ajansi AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

5.74

21.62

27.74

3.61

Ihlas Haber Ajansi AS Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									25.20	10.57	9.38	3.61	1.33

Competitive Comparison of Ihlas Haber Ajansi AS's Cash-to-Debt

For the Broadcasting subindustry, Ihlas Haber Ajansi 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.

Ihlas Haber Ajansi AS's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ihlas Haber Ajansi AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ihlas Haber Ajansi AS's Cash-to-Debt falls into.

Ihlas Haber Ajansi 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.

Ihlas Haber Ajansi 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)
	=	71.31	/	(1.725	+	18.038)
	=	3.61

Ihlas Haber Ajansi 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)
	=	25.609	/	(1.735	+	17.493)
	=	1.33

Ihlas Haber Ajansi AS (IST:IHAAS) 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.

Ihlas Haber Ajansi AS Cash-to-Debt Related Terms

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Ihlas Haber Ajansi AS (IST:IHAAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ihlas Haber Ajansi AS (IST:IHAAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Merkez Mah. 29 October Cad., Ihlas Plaza No: 11 A/ 21, Yenibosna, Istanbul, TUR, 34197

Website

https://www.iha.com.tr

Ihlas Haber Ajansi AS is engaged in a news agency business. The company delivers visual, written, and photographic news to its subscribers via satellite and the internet. It also has started to provide broadcasting services in Iran, Iraq, Afghanistan, Pakistan, Russia, Greece, Kosovo, Israel, Palestine, Ukraine, and Central Asian Turkic Republics.

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