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Limak Dogu Anadolu Cimento (IST:LMKDC) Cash-to-Debt : No Debt (1) (As of Sep. 2023)


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What is Limak Dogu Anadolu Cimento 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. Limak Dogu Anadolu Cimento's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt (1).

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, Limak Dogu Anadolu Cimento could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for Limak Dogu Anadolu Cimento's Cash-to-Debt or its related term are showing as below:

IST:LMKDC' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 3 years, Limak Dogu Anadolu Cimento's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

IST:LMKDC's Cash-to-Debt is ranked better than
99.74% of 382 companies
in the Building Materials industry
Industry Median: 0.47 vs IST:LMKDC: No Debt

Limak Dogu Anadolu Cimento Cash-to-Debt Historical Data

The historical data trend for Limak Dogu Anadolu Cimento'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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Limak Dogu Anadolu Cimento Cash-to-Debt Chart

Limak Dogu Anadolu Cimento Annual Data
Trend Dec20 Dec21 Dec22
Cash-to-Debt
No Debt No Debt No Debt

Limak Dogu Anadolu Cimento Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23
Cash-to-Debt No Debt No Debt N/A No Debt No Debt

Competitive Comparison of Limak Dogu Anadolu Cimento's Cash-to-Debt

For the Building Materials subindustry, Limak Dogu Anadolu Cimento'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.

Limak Dogu Anadolu Cimento's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Limak Dogu Anadolu Cimento's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Limak Dogu Anadolu Cimento's Cash-to-Debt falls into.


Limak Dogu Anadolu Cimento 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.

Limak Dogu Anadolu Cimento's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Limak Dogu Anadolu Cimento had no debt (1).

Limak Dogu Anadolu Cimento's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Limak Dogu Anadolu Cimento had no debt (1).

* 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.

Limak Dogu Anadolu Cimento  (IST:LMKDC) 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.

Limak Dogu Anadolu Cimento Cash-to-Debt Related Terms

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

Limak Dogu Anadolu Cimento (IST:LMKDC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Limak Dogu Anadolu Cimento (IST:LMKDC) » Definitions » Cash-to-Debt
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Limak Dogu Anadolu Cimento is a cement company operating n the cement sector. The main activity of the Company is clinker and cement production, marketing and sales in abroad.

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