Eregli Demir Ve Celik Fabrikalari TAS (Eregli Demir Ve Celik Fabrikalari TAS) Cash-to-Debt

: 0.38 (As of Dec. 2023)

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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. Eregli Demir Ve Celik Fabrikalari TAS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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, Eregli Demir Ve Celik Fabrikalari TAS 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 Eregli Demir Ve Celik Fabrikalari TAS's Cash-to-Debt or its related term are showing as below:

ERELY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 1.28 Max: 2.06
Current: 0.38

During the past 13 years, Eregli Demir Ve Celik Fabrikalari TAS's highest Cash to Debt Ratio was 2.06. The lowest was 0.38. And the median was 1.28.

ERELY's Cash-to-Debt is ranked worse than
51.79% of 616 companies
in the Steel industry
Industry Median: 0.42 vs ERELY: 0.38

Eregli Demir Ve Celik Fabrikalari TAS Cash-to-Debt Historical Data

The historical data trend for Eregli Demir Ve Celik Fabrikalari TAS'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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Eregli Demir Ve Celik Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.39

2.06

1.39

0.54

0.38

Eregli Demir Ve Celik Fabrikalari TAS 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																0.54	0.59	0.34	0.36	0.38

Competitive Comparison

For the Steel subindustry, Eregli Demir Ve Celik Fabrikalari TAS'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.

Eregli Demir Ve Celik Fabrikalari TAS Cash-to-Debt Distribution

For the Steel industry and Basic Materials sector, Eregli Demir Ve Celik Fabrikalari TAS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eregli Demir Ve Celik Fabrikalari TAS's Cash-to-Debt falls into.

Eregli Demir Ve Celik Fabrikalari TAS 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.

Eregli Demir Ve Celik Fabrikalari TAS'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)
	=	887.636	/	(1952.019	+	377.59)
	=	0.38

Eregli Demir Ve Celik Fabrikalari TAS'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)
	=	887.636	/	(1952.019	+	377.59)
	=	0.38

Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) 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.

Eregli Demir Ve Celik Fabrikalari TAS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Eregli Demir Ve Celik Fabrikalari TAS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Eregli Demir Ve Celik Fabrikalari TAS (Eregli Demir Ve Celik Fabrikalari TAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EREGL:Turkey EDVA:Germany

Address

Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746

Website

https://www.erdemir.com.tr

Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.

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