Turcas Petrol AS (IST:TRCAS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Turcas Petrol 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. Turcas Petrol AS's cash to debt ratio for the quarter that ended in Sep. 2024 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, Turcas Petrol AS could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Turcas Petrol AS's Cash-to-Debt or its related term are showing as below:

IST:TRCAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.27 Max: No Debt
Current: 4.73

During the past 13 years, Turcas Petrol AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 0.27.

IST:TRCAS's Cash-to-Debt is ranked better than
87.5% of 432 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs IST:TRCAS: 4.73

Turcas Petrol AS Cash-to-Debt Historical Data

The historical data trend for Turcas Petrol 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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Turcas Petrol AS Cash-to-Debt Chart

Turcas Petrol AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.20

0.15

0.41

1.00

Turcas Petrol AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.63	1.00	1.70	5.83	No Debt

Competitive Comparison of Turcas Petrol AS's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Turcas Petrol 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.

Turcas Petrol AS's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Turcas Petrol AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Turcas Petrol AS's Cash-to-Debt falls into.

Turcas Petrol 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.

Turcas Petrol 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)
	=	399.357	/	(222.227	+	177.953)
	=	1.00

Turcas Petrol AS's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Turcas Petrol AS had no debt ⁽¹⁾.

Turcas Petrol AS (IST:TRCAS) 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.

Turcas Petrol AS Cash-to-Debt Related Terms

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

Turcas Petrol AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Turcas Petrol AS (IST:TRCAS) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Ahi Evran Street No: 6, Aksoy Plaza, 7th floor, Maslak, Istanbul, TUR, 34398

Website

https://www.turcas.com.tr

Turcas Petrol AS is an oil and energy-focused investment company. It is engaged in fuel distribution and lubricants, conventional energy, and renewable energy fields in Turkey. The company is involved in the operation of Shell-branded fuel stations that offer fuel products and lubricants. The operating segments of the group are Oil, Electricity, and Others. The products that are included in the Oil segment are fuel products, lubricants, and engine oil. The Electricity segment consists of power generation activity.

Turcas Petrol AS Headlines

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Turcas Petrol AS (IST:TRCAS) Cash-to-Debt : No Debt (1) (As of Sep. 2024)