Turk Hava Yollari AO (IST:THYAO) Cash-to-Debt : 0.42 (As of Dec. 2023)

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What is Turk Hava Yollari AO 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. Turk Hava Yollari AO's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.42.

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, Turk Hava Yollari AO couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Turk Hava Yollari AO's Cash-to-Debt or its related term are showing as below:

IST:THYAO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.19 Max: 0.42
Current: 0.42

During the past 13 years, Turk Hava Yollari AO's highest Cash to Debt Ratio was 0.42. The lowest was 0.11. And the median was 0.19.

IST:THYAO's Cash-to-Debt is ranked worse than
54.03% of 968 companies
in the Transportation industry
Industry Median: 0.485 vs IST:THYAO: 0.42

Turk Hava Yollari AO Cash-to-Debt Historical Data

The historical data trend for Turk Hava Yollari AO'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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Turk Hava Yollari AO Cash-to-Debt Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.19

0.11

0.19

0.33

0.42

Turk Hava Yollari AO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.38	0.43	0.49	0.42

Competitive Comparison of Turk Hava Yollari AO's Cash-to-Debt

For the Airlines subindustry, Turk Hava Yollari AO'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.

Turk Hava Yollari AO's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Cash-to-Debt falls into.

Turk Hava Yollari AO 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.

Turk Hava Yollari AO'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)
	=	177426	/	(109810	+	310362)
	=	0.42

Turk Hava Yollari AO's Cash to Debt Ratio for the quarter 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)
	=	177426	/	(109810	+	310362)
	=	0.42

Turk Hava Yollari AO (IST:THYAO) 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.

Turk Hava Yollari AO Cash-to-Debt Related Terms

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

Turk Hava Yollari AO (IST:THYAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (IST:THYAO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TKHVY:USA TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

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