Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Cash-to-Debt : 21.36 (As of Sep. 2023)

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What is Soke Degirmenciliknayi Ve Ticaret 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. Soke Degirmenciliknayi Ve Ticaret's cash to debt ratio for the quarter that ended in Sep. 2023 was 21.36.

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, Soke Degirmenciliknayi Ve Ticaret could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Soke Degirmenciliknayi Ve Ticaret's Cash-to-Debt or its related term are showing as below:

IST:SOKE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.85 Max: 21.36
Current: 21.36

During the past 3 years, Soke Degirmenciliknayi Ve Ticaret's highest Cash to Debt Ratio was 21.36. The lowest was 0.28. And the median was 1.85.

IST:SOKE's Cash-to-Debt is ranked better than
87.6% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs IST:SOKE: 21.36

Soke Degirmenciliknayi Ve Ticaret Cash-to-Debt Historical Data

The historical data trend for Soke Degirmenciliknayi Ve Ticaret'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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Soke Degirmenciliknayi Ve Ticaret Cash-to-Debt Chart

Soke Degirmenciliknayi Ve Ticaret Annual Data

Trend

Dec19

Dec20

Dec21

Cash-to-Debt

0.28

0.40

0.35

Soke Degirmenciliknayi Ve Ticaret Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					N/A	1.85	10.99	5.74	21.36

Competitive Comparison of Soke Degirmenciliknayi Ve Ticaret's Cash-to-Debt

For the Packaged Foods subindustry, Soke Degirmenciliknayi Ve Ticaret'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.

Soke Degirmenciliknayi Ve Ticaret's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Soke Degirmenciliknayi Ve Ticaret's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Soke Degirmenciliknayi Ve Ticaret's Cash-to-Debt falls into.

Soke Degirmenciliknayi Ve Ticaret 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.

Soke Degirmenciliknayi Ve Ticaret's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	45.035	/	(129.643	+	0.751)
	=	0.35

Soke Degirmenciliknayi Ve Ticaret's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	403.854	/	(14.321	+	4.587)
	=	21.36

Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) 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.

Soke Degirmenciliknayi Ve Ticaret Cash-to-Debt Related Terms

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Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Soke Degirmencilik Sanayi Ve Ticaret (IST:SOKE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sazl? Mahallesi Fabrika Sokak No: 02, Soke, Aydin, TUR, 09260

Website

https://www.soke.com.tr

Soke Degirmencilik Sanayi Ve Ticaret provides packaged food products. The product range consists of flour, gluten-free flour, grain flour, professional flour, and bread flour mixes.

Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Headlines

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