Altinyag Kombinalari AS (IST:ALMAD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Altinyag Kombinalari 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. Altinyag Kombinalari AS's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Altinyag Kombinalari AS could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

IST:ALMAD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: No Debt
Current: 32.45

During the past 12 years, Altinyag Kombinalari AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.25.

IST:ALMAD's Cash-to-Debt is ranked better than
72.47% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs IST:ALMAD: 32.45

Altinyag Kombinalari AS Cash-to-Debt Historical Data

The historical data trend for Altinyag Kombinalari 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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Altinyag Kombinalari AS Cash-to-Debt Chart

Altinyag Kombinalari AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.02

0.03

49.89

1,518.66

10.07

Altinyag Kombinalari AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															5.95	10.07	13.50	30.08	No Debt

Competitive Comparison of Altinyag Kombinalari AS's Cash-to-Debt

For the Thermal Coal subindustry, Altinyag Kombinalari 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.

Altinyag Kombinalari AS's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Altinyag Kombinalari AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Altinyag Kombinalari AS's Cash-to-Debt falls into.

Altinyag Kombinalari AS 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.

Altinyag Kombinalari AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	231.092	/	(22.955	+	0)
	=	10.07

Altinyag Kombinalari AS's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Altinyag Kombinalari AS had no debt ⁽¹⁾.

Altinyag Kombinalari AS (IST:ALMAD) 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.

Altinyag Kombinalari AS Cash-to-Debt Related Terms

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

Altinyag Kombinalari AS (IST:ALMAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Altinyag Kombinalari AS (IST:ALMAD) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Ataturk OSB, Sk Number 7, Izmir, Cigli, TUR, 10035

Website

http://www.altinyag.com.tr

Altinyag Kombinalari AS is a Turkey-based company engaged in producing vegetable oils from various seeds including Canola Seed, Linseed, Camelina Sativa Seed, Soy Bean Seed, and Sunflower Seed among others. The products of the company consist of Crude Oil, Semi-Refined Vegetable Oil, Fully Refined Vegetable Oil, Vegetable Oil Mixtures and Soap Stock.

Altinyag Kombinalari AS (IST:ALMAD) Headlines

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Altinyag Kombinalari AS (IST:ALMAD) Cash-to-Debt : No Debt (1) (As of Sep. 2023)