Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS (IST:HATSN) Cash-to-Debt : 1.61 (As of Sep. 2023)

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What is Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret 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. Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.61.

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, Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash-to-Debt or its related term are showing as below:

IST:HATSN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.44 Max: 1.61
Current: 1.61

During the past 3 years, Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's highest Cash to Debt Ratio was 1.61. The lowest was 0.02. And the median was 0.44.

IST:HATSN's Cash-to-Debt is ranked better than
66.34% of 309 companies
in the Aerospace & Defense industry
Industry Median: 0.66 vs IST:HATSN: 1.61

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS Cash-to-Debt Historical Data

The historical data trend for Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret 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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Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS Cash-to-Debt Chart

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.03

0.02

0.49

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	N/A	0.49	0.44	1.61

Competitive Comparison of Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash-to-Debt

For the Aerospace & Defense subindustry, Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret 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.

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash-to-Debt falls into.

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret 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.

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret 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)
	=	298.488	/	(125.121	+	481.779)
	=	0.49

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1215.514	/	(172.539	+	581.736)
	=	1.61

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS (IST:HATSN) 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.

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hatn Gemi Insaa Bakim Onarim Deniz Nakliyatnayi ve Ticaret AS (IST:HATSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hat San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret AS (IST:HATSN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Florya Cad. Florya Plaza, No: 88/2 Florya, Bakirkoy, Istanbul, TUR, 34153

Website

https://www.hat-san.com.tr

Hat San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret AS is a company engaged in purchase of domestic and foreign shipbuilding facilities, shipyards, hotels, cruise ships and yachts of all tonnages. It also operates in special transformation projects. Extension projects on ships, special project installations related to new machinery, equipment or production, and heavy steel construction works are the expertise of HAT-SAN Shipyard.

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