Ronesans Gayrimenkul Yatirim AS (IST:RGYAS) Cash-to-Debt : 0.23 (As of Dec. 2022)

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What is Ronesans Gayrimenkul Yatirim 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. Ronesans Gayrimenkul Yatirim AS's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.23.

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, Ronesans Gayrimenkul Yatirim AS couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Ronesans Gayrimenkul Yatirim AS's Cash-to-Debt or its related term are showing as below:

IST:RGYAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.12 Max: 0.23
Current: 0.09

During the past 3 years, Ronesans Gayrimenkul Yatirim AS's highest Cash to Debt Ratio was 0.23. The lowest was 0.09. And the median was 0.12.

IST:RGYAS's Cash-to-Debt is ranked worse than
72.87% of 1795 companies
in the Real Estate industry
Industry Median: 0.25 vs IST:RGYAS: 0.09

Ronesans Gayrimenkul Yatirim AS Cash-to-Debt Historical Data

The historical data trend for Ronesans Gayrimenkul Yatirim 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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Ronesans Gayrimenkul Yatirim AS Cash-to-Debt Chart

Ronesans Gayrimenkul Yatirim AS Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.12

0.23

0.09

Ronesans Gayrimenkul Yatirim AS Quarterly Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.12	0.23	0.09

Competitive Comparison of Ronesans Gayrimenkul Yatirim AS's Cash-to-Debt

For the Real Estate - Development subindustry, Ronesans Gayrimenkul Yatirim 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.

Ronesans Gayrimenkul Yatirim AS's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ronesans Gayrimenkul Yatirim AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ronesans Gayrimenkul Yatirim AS's Cash-to-Debt falls into.

Ronesans Gayrimenkul Yatirim 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.

Ronesans Gayrimenkul Yatirim 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)
	=	1644.541	/	(3111.013	+	16077.334)
	=	0.09

Ronesans Gayrimenkul Yatirim AS's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	6175.68	/	(16317.242	+	10674.504)
	=	0.23

Ronesans Gayrimenkul Yatirim AS (IST:RGYAS) 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.

Ronesans Gayrimenkul Yatirim AS Cash-to-Debt Related Terms

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Ronesans Gayrimenkul Yatirim AS (IST:RGYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronesans Gayrimenkul Yatirim AS (IST:RGYAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tugay Yolu Caddesi A Blok No: 69A Kat:7, Cevizli Mahallesi, Maltepe, Istanbul, TUR, 34846

Website

https://rgy.com.tr

Ronesans Gayrimenkul Yatirim AS is a commercial real estate developer in Turkey. It develops and invests in shopping centers, offices, and mixed projects in different cities in Turkey. The company is also involved in the leasing and management of the real estate developed, through its subsidiaries.

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