Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Cash-to-Debt : 114.70 (As of Dec. 2023)

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What is Deniz Gayrimenkul Yatirim Ortakligi 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. Deniz Gayrimenkul Yatirim Ortakligi AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 114.70.

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, Deniz Gayrimenkul Yatirim Ortakligi 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 Deniz Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt or its related term are showing as below:

IST:DZGYO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 12.93 Max: No Debt
Current: 114.7

During the past 13 years, Deniz Gayrimenkul Yatirim Ortakligi AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 12.93.

IST:DZGYO's Cash-to-Debt is ranked better than
80.68% of 797 companies
in the REITs industry
Industry Median: 0.08 vs IST:DZGYO: 114.70

Deniz Gayrimenkul Yatirim Ortakligi AS Cash-to-Debt Historical Data

The historical data trend for Deniz Gayrimenkul Yatirim Ortakligi 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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Deniz Gayrimenkul Yatirim Ortakligi AS Cash-to-Debt Chart

Deniz Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.01

0.26

194.33

114.70

Deniz Gayrimenkul Yatirim Ortakligi 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															194.33	160.47	245.48	79.85	114.70

Competitive Comparison of Deniz Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt

For the REIT - Diversified subindustry, Deniz Gayrimenkul Yatirim Ortakligi 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.

Deniz Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Deniz Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Deniz Gayrimenkul Yatirim Ortakligi AS's Cash-to-Debt falls into.

Deniz Gayrimenkul Yatirim Ortakligi 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.

Deniz Gayrimenkul Yatirim Ortakligi 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)
	=	243.053	/	(2.119	+	0)
	=	114.70

Deniz Gayrimenkul Yatirim Ortakligi 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)
	=	243.053	/	(2.119	+	0)
	=	114.70

Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) 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.

Deniz Gayrimenkul Yatirim Ortakligi AS Cash-to-Debt Related Terms

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

Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Büyükdere Caddesi No.106, Esentepe, Istanbul, TUR, 34394

Website

http://www.denizgyo.com.tr

Deniz Gayrimenkul Yatirim Ortakligi AS operates as a capital market institution. The company exports its shares to operate its portfolio consisting of real estates, real estate projects, real estate based rights, capital market instruments and other assets. Its portfolio of investments includes Bahcesehir shopping mall, Goksu shopping mall, Metrokent center shopping mall, Metrokent education buildings, and Karakoy building.

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