Izmir Demir Celiknayi AS (IST:IZMDC) Cash-to-Debt : 0.19 (As of Mar. 2024)

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What is Izmir Demir Celiknayi 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. Izmir Demir Celiknayi AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.19.

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, Izmir Demir Celiknayi 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 Izmir Demir Celiknayi AS's Cash-to-Debt or its related term are showing as below:

IST:IZMDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.34
Current: 0.19

During the past 13 years, Izmir Demir Celiknayi AS's highest Cash to Debt Ratio was 0.34. The lowest was 0.03. And the median was 0.13.

IST:IZMDC's Cash-to-Debt is ranked worse than
67.92% of 614 companies
in the Steel industry
Industry Median: 0.45 vs IST:IZMDC: 0.19

Izmir Demir Celiknayi AS Cash-to-Debt Historical Data

The historical data trend for Izmir Demir Celiknayi 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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Izmir Demir Celiknayi AS Cash-to-Debt Chart

Izmir Demir Celiknayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.08

0.34

0.20

0.13

Izmir Demir Celiknayi AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.12	0.19	0.13	0.19

Competitive Comparison of Izmir Demir Celiknayi AS's Cash-to-Debt

For the Steel subindustry, Izmir Demir Celiknayi 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.

Izmir Demir Celiknayi AS's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Izmir Demir Celiknayi AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Izmir Demir Celiknayi AS's Cash-to-Debt falls into.

Izmir Demir Celiknayi 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.

Izmir Demir Celiknayi 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)
	=	1697.65	/	(10315.374	+	2498.336)
	=	0.13

Izmir Demir Celiknayi 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)
	=	2808.404	/	(11781.046	+	2765.517)
	=	0.19

Izmir Demir Celiknayi AS (IST:IZMDC) 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.

Izmir Demir Celiknayi AS Cash-to-Debt Related Terms

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

Izmir Demir Celiknayi AS (IST:IZMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Izmir Demir Celik Sanayi AS (IST:IZMDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

?air E?ref Bulvar? No. 23, Çankaya, Izmir, TUR, 35210

Website

http://www.izdemir.com.tr

Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries.

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