MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Cash-to-Debt : 0.30 (As of Dec. 2022)

View and export this data going back to 2050. Start your Free Trial

What is MNG Havayollari ve Tasimacilik 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. MNG Havayollari ve Tasimacilik AS's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.30.

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, MNG Havayollari ve Tasimacilik 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 MNG Havayollari ve Tasimacilik AS's Cash-to-Debt or its related term are showing as below:

MNGA's Cash-to-Debt is not ranked ^*
in the Transportation industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

MNG Havayollari ve Tasimacilik AS Cash-to-Debt Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik 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.

* Premium members only.

MNG Havayollari ve Tasimacilik AS Cash-to-Debt Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.70

0.43

0.30

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Cash-to-Debt	0.70	N/A	0.43	0.19	0.30

Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik AS's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Cash-to-Debt falls into.

MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik AS's Cash to Debt Ratio for the fiscal year 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)
	=	24.973	/	(28.055	+	54.487)
	=	0.30

MNG Havayollari ve Tasimacilik 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)
	=	24.973	/	(28.055	+	54.487)
	=	0.30

MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Cash-to-Debt Related Terms

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

MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Headlines

No Headlines