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Ozderici Gayrimenkul Yatirim Ortakligi AS (IST:OZGYO) Financial Strength : 10 (As of Dec. 2023)


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What is Ozderici Gayrimenkul Yatirim Ortakligi AS Financial Strength?

Ozderici Gayrimenkul Yatirim Ortakligi AS has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Ozderici Gayrimenkul Yatirim Ortakligi AS shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Ozderici Gayrimenkul Yatirim Ortakligi AS's Interest Coverage for the quarter that ended in Dec. 2023 was 0.28. Ozderici Gayrimenkul Yatirim Ortakligi AS's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.01. As of today, Ozderici Gayrimenkul Yatirim Ortakligi AS's Altman Z-Score is 20.02.


Competitive Comparison of Ozderici Gayrimenkul Yatirim Ortakligi AS's Financial Strength

For the REIT - Diversified subindustry, Ozderici Gayrimenkul Yatirim Ortakligi AS's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Ozderici Gayrimenkul Yatirim Ortakligi AS's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ozderici Gayrimenkul Yatirim Ortakligi AS's Financial Strength distribution charts can be found below:

* The bar in red indicates where Ozderici Gayrimenkul Yatirim Ortakligi AS's Financial Strength falls into.



Ozderici Gayrimenkul Yatirim Ortakligi AS Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Ozderici Gayrimenkul Yatirim Ortakligi AS's Interest Expense for the months ended in Dec. 2023 was ₺-1.10 Mil. Its Operating Income for the months ended in Dec. 2023 was ₺0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0.00 Mil.

Ozderici Gayrimenkul Yatirim Ortakligi AS's Interest Coverage for the quarter that ended in Dec. 2023 is

Interest Coverage=-1*Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*0.311/-1.097
=0.28

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Ozderici Gayrimenkul Yatirim Ortakligi AS's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.902 + 0) / 154.7
=0.01

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Ozderici Gayrimenkul Yatirim Ortakligi AS has a Z-score of 20.02, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 20.02 is strong.

* 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.


Ozderici Gayrimenkul Yatirim Ortakligi AS  (IST:OZGYO) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Ozderici Gayrimenkul Yatirim Ortakligi AS has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


Ozderici Gayrimenkul Yatirim Ortakligi AS Financial Strength Related Terms

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Ozderici Gayrimenkul Yatirim Ortakligi AS (IST:OZGYO) Business Description

Traded in Other Exchanges
N/A
Address
Buyukdere Street Building Loan Plaza C Block, Floor 9, Levent, Istanbul, TUR, 34330
Ozderici Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust involved in the real estate development projects. The projects of the company include Nuvo Dragos, Zeytinburnu Akevler Siteleri, Akatlar Ozderici Bloklari, Yapi Kredi Plaza'da Ofis and Bayrampasa 5 Adet Is Merkezi.

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