Yapi Ve Kredi Bankasi AS (IST:YKBNK) Financial Strength : 1 (As of Mar. 2024)

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What is Yapi Ve Kredi Bankasi AS Financial Strength?

Yapi Ve Kredi Bankasi AS has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Yapi Ve Kredi Bankasi AS displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

GuruFocus does not calculate Yapi Ve Kredi Bankasi AS's interest coverage with the available data. Yapi Ve Kredi Bankasi AS's debt to revenue ratio for the quarter that ended in Mar. 2024 was 2.90. Altman Z-Score does not apply to banks and insurance companies.

Yapi Ve Kredi Bankasi 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:

Yapi Ve Kredi Bankasi AS's Interest Expense for the months ended in Mar. 2024 was ₺-71,873 Mil. Its Operating Income for the months ended in Mar. 2024 was ₺0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺477,792 Mil.

Yapi Ve Kredi Bankasi AS's Interest Coverage for the quarter that ended in Mar. 2024 is

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

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

Yapi Ve Kredi Bankasi AS's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	477791.875)	/	164576.056
	=	2.90

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Yapi Ve Kredi Bankasi AS (IST:YKBNK) 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.

Yapi Ve Kredi Bankasi AS has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Yapi Ve Kredi Bankasi AS Financial Strength Related Terms

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Yapi Ve Kredi Bankasi AS (IST:YKBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Yapi Ve Kredi Bankasi AS (IST:YKBNK) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yap? Kredi Plaza D Blok Levent, Istanbul, TUR, 34330

Website

http://www.yapikredi.com.tr

Yapi Ve Kredi Bankasi AS is a banking group operating in, and with its credit exposed nearly entirely to Turkey. The company's strategy emphasizes growth, profitability, and customer satisfaction. The Bank carries out its banking operations through two main business units Retail Banking and Corporate and Commercial Banking. The group also has domestic financial subsidiaries in asset management, brokerage, leasing, and factoring. An overwhelming majority of its outstanding shares are held by Koç Group, a largest conglomerate in Turkey. The group's largest contributor to revenue is retail banking, which includes card payment systems, as well as individual and small to midsize enterprise banking.