Ldr Turizm Anonim Sirketi (IST:LIDER) Cash-to-Debt : 1.56 (As of Mar. 2024)

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What is Ldr Turizm Anonim Sirketi 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. Ldr Turizm Anonim Sirketi's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.56.

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, Ldr Turizm Anonim Sirketi 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 Ldr Turizm Anonim Sirketi's Cash-to-Debt or its related term are showing as below:

IST:LIDER' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.54 Max: 1.56
Current: 1.56

During the past 6 years, Ldr Turizm Anonim Sirketi's highest Cash to Debt Ratio was 1.56. The lowest was 0.01. And the median was 0.54.

IST:LIDER's Cash-to-Debt is ranked better than
56.78% of 1069 companies
in the Business Services industry
Industry Median: 0.99 vs IST:LIDER: 1.56

Ldr Turizm Anonim Sirketi Cash-to-Debt Historical Data

The historical data trend for Ldr Turizm Anonim Sirketi'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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Ldr Turizm Anonim Sirketi Cash-to-Debt Chart

Ldr Turizm Anonim Sirketi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.18

0.28

0.71

1.52

Ldr Turizm Anonim Sirketi Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											0.74	0.84	1.54	1.52	1.56

Competitive Comparison of Ldr Turizm Anonim Sirketi's Cash-to-Debt

For the Rental & Leasing Services subindustry, Ldr Turizm Anonim Sirketi'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.

Ldr Turizm Anonim Sirketi's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ldr Turizm Anonim Sirketi's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ldr Turizm Anonim Sirketi's Cash-to-Debt falls into.

Ldr Turizm Anonim Sirketi 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.

Ldr Turizm Anonim Sirketi'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)
	=	1586.937	/	(848.816	+	193.623)
	=	1.52

Ldr Turizm Anonim Sirketi'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)
	=	1956.376	/	(943.917	+	307.413)
	=	1.56

Ldr Turizm Anonim Sirketi (IST:LIDER) 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.

Ldr Turizm Anonim Sirketi Cash-to-Debt Related Terms

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

Ldr Turizm Anonim Sirketi (IST:LIDER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ldr Turizm Anonim Sirketi (IST:LIDER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plaza Ayazaga Yolu No:7 K:14, Maslak, Istanbul, TUR

Website

https://www.liderfilo.com.tr

Ldr Turizm Anonim Sirketi provides its customers with long-term specialized car rental services within the framework of financial and technological developments. The services offered by the company include 24/7 professional assistance & roadside assistance, backup vehicles, maintenance & repair, examination, tire management, penalty management, and valet service.

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