Aygaz AS (IST:AYGAZ) Cash-to-Debt : 1.59 (As of Dec. 2023)

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What is Aygaz 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. Aygaz AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.59.

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, Aygaz 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 Aygaz AS's Cash-to-Debt or its related term are showing as below:

IST:AYGAZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 0.57 Max: 1.59
Current: 1.59

During the past 13 years, Aygaz AS's highest Cash to Debt Ratio was 1.59. The lowest was 0.44. And the median was 0.57.

IST:AYGAZ's Cash-to-Debt is ranked better than
78.54% of 494 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs IST:AYGAZ: 1.59

Aygaz AS Cash-to-Debt Historical Data

The historical data trend for Aygaz 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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Aygaz AS Cash-to-Debt Chart

Aygaz AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.53

0.61

0.66

0.52

1.59

Aygaz AS 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	Get a 7-Day Free Trial															0.52	0.90	0.58	0.99	1.59

Competitive Comparison of Aygaz AS's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Aygaz 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.

Aygaz AS's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Aygaz AS's Cash-to-Debt distribution charts can be found below:

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

Aygaz 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.

Aygaz AS'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)
	=	3521.452	/	(2127.082	+	93.192)
	=	1.59

Aygaz AS'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)
	=	3521.452	/	(2127.082	+	93.192)
	=	1.59

Aygaz AS (IST:AYGAZ) 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.

Aygaz AS Cash-to-Debt Related Terms

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Aygaz AS (IST:AYGAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aygaz AS (IST:AYGAZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Caddesi No: 145-1, Aygaz Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.aygaz.com.tr

Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.

Aygaz AS (IST:AYGAZ) Headlines

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