Turkiye Garanti Bankasi AS (Turkiye Garanti Bankasi AS) Cash-to-Debt : 3.42 (As of Dec. 2023)

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What is Turkiye Garanti Bankasi 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. Turkiye Garanti Bankasi AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.42.

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, Turkiye Garanti Bankasi AS could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Turkiye Garanti Bankasi AS's Cash-to-Debt or its related term are showing as below:

TKGBY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 1.18 Max: 3.42
Current: 3.42

During the past 13 years, Turkiye Garanti Bankasi AS's highest Cash to Debt Ratio was 3.42. The lowest was 0.66. And the median was 1.18.

TKGBY's Cash-to-Debt is ranked better than
74.51% of 1440 companies
in the Banks industry
Industry Median: 1.245 vs TKGBY: 3.42

Turkiye Garanti Bankasi AS Cash-to-Debt Historical Data

The historical data trend for Turkiye Garanti Bankasi 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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Turkiye Garanti Bankasi AS Cash-to-Debt Chart

Turkiye Garanti Bankasi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.35

1.62

2.23

2.60

3.42

Turkiye Garanti Bankasi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.60	2.95	3.33	3.29	3.42

Competitive Comparison of Turkiye Garanti Bankasi AS's Cash-to-Debt

For the Banks - Regional subindustry, Turkiye Garanti Bankasi 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.

Turkiye Garanti Bankasi AS's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Turkiye Garanti Bankasi AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Turkiye Garanti Bankasi AS's Cash-to-Debt falls into.

Turkiye Garanti Bankasi AS Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Turkiye Garanti Bankasi AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	18030.953	/	(0	+	5278.52)
	=	3.42

Turkiye Garanti Bankasi AS's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	18030.953	/	(0	+	5278.52)
	=	3.42

Turkiye Garanti Bankasi AS (OTCPK:TKGBY) 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.

Turkiye Garanti Bankasi AS Cash-to-Debt Related Terms

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

Turkiye Garanti Bankasi AS (Turkiye Garanti Bankasi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Turkiye Garanti Bankasi AS (OTCPK:TKGBY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TKGBF:USA GARAN:Turkey GBKB:Germany

Address

Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340

Website

https://www.garantibbva.com.tr

Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries.

Turkiye Garanti Bankasi AS (Turkiye Garanti Bankasi AS) Headlines

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