Ozata Denizciliknayi ve Ticaret AS (IST:OZATD) Cash-to-Debt : 0.03 (As of Mar. 2024)

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What is Ozata Denizciliknayi ve Ticaret 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. Ozata Denizciliknayi ve Ticaret AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.03.

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, Ozata Denizciliknayi ve Ticaret 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 Ozata Denizciliknayi ve Ticaret AS's Cash-to-Debt or its related term are showing as below:

IST:OZATD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.06
Current: 0.03

During the past 3 years, Ozata Denizciliknayi ve Ticaret AS's highest Cash to Debt Ratio was 0.06. The lowest was 0.03. And the median was 0.06.

IST:OZATD's Cash-to-Debt is ranked worse than
93.49% of 307 companies
in the Aerospace & Defense industry
Industry Median: 0.58 vs IST:OZATD: 0.03

Ozata Denizciliknayi ve Ticaret AS Cash-to-Debt Historical Data

The historical data trend for Ozata Denizciliknayi ve Ticaret 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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Ozata Denizciliknayi ve Ticaret AS Cash-to-Debt Chart

Ozata Denizciliknayi ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

Ozata Denizciliknayi ve Ticaret AS Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Cash-to-Debt	0.06	0.06	N/A	0.06	0.03

Competitive Comparison of Ozata Denizciliknayi ve Ticaret AS's Cash-to-Debt

For the Aerospace & Defense subindustry, Ozata Denizciliknayi ve Ticaret 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.

Ozata Denizciliknayi ve Ticaret AS's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Ozata Denizciliknayi ve Ticaret AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ozata Denizciliknayi ve Ticaret AS's Cash-to-Debt falls into.

Ozata Denizciliknayi ve Ticaret 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.

Ozata Denizciliknayi ve Ticaret 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)
	=	67.103	/	(470.446	+	694.205)
	=	0.06

Ozata Denizciliknayi ve Ticaret 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)
	=	34.572	/	(399.612	+	728.765)
	=	0.03

Ozata Denizciliknayi ve Ticaret AS (IST:OZATD) 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.

Ozata Denizciliknayi ve Ticaret AS Cash-to-Debt Related Terms

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

Ozata Denizciliknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Ozata Denizcilik Sanayi ve Ticaret AS (IST:OZATD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kan Street no.34, Hersek Neighborhood Hakki, Altinova, Yalova, TUR, 77700

Website

https://www.ozatadenizcilik.com

Ozata Denizcilik Sanayi ve Ticaret AS carries out its activities in its shipyard. The company is engaged in new construction, repair, and transformation of ships.

Ozata Denizciliknayi ve Ticaret AS Headlines

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