Hedef Girisim Sermayesi Yati Ortak (IST:HDFGS) Cash-to-Debt : 233.07 (As of Sep. 2023)

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What is Hedef Girisim Sermayesi Yati Ortak 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. Hedef Girisim Sermayesi Yati Ortak's cash to debt ratio for the quarter that ended in Sep. 2023 was 233.07.

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, Hedef Girisim Sermayesi Yati Ortak 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 Hedef Girisim Sermayesi Yati Ortak's Cash-to-Debt or its related term are showing as below:

IST:HDFGS' s Cash-to-Debt Range Over the Past 10 Years
Min: 34.82 Med: No Debt Max: No Debt
Current: 233.07

During the past 9 years, Hedef Girisim Sermayesi Yati Ortak's highest Cash to Debt Ratio was No Debt. The lowest was 34.82. And the median was No Debt.

IST:HDFGS's Cash-to-Debt is ranked better than
62.44% of 1451 companies
in the Asset Management industry
Industry Median: 5.79 vs IST:HDFGS: 233.07

Hedef Girisim Sermayesi Yati Ortak Cash-to-Debt Historical Data

The historical data trend for Hedef Girisim Sermayesi Yati Ortak'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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Hedef Girisim Sermayesi Yati Ortak Cash-to-Debt Chart

Hedef Girisim Sermayesi Yati Ortak Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

48.06

125.98

174.13

908.20

Hedef Girisim Sermayesi Yati Ortak 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															416.46	908.20	246.16	135.18	233.07

Competitive Comparison of Hedef Girisim Sermayesi Yati Ortak's Cash-to-Debt

For the Asset Management subindustry, Hedef Girisim Sermayesi Yati Ortak'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.

Hedef Girisim Sermayesi Yati Ortak's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hedef Girisim Sermayesi Yati Ortak's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hedef Girisim Sermayesi Yati Ortak's Cash-to-Debt falls into.

Hedef Girisim Sermayesi Yati Ortak 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.

Hedef Girisim Sermayesi Yati Ortak'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)
	=	391.435	/	(0.116	+	0.315)
	=	908.20

Hedef Girisim Sermayesi Yati Ortak'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)
	=	178.53	/	(0.168	+	0.598)
	=	233.07

Hedef Girisim Sermayesi Yati Ortak (IST:HDFGS) 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.

Hedef Girisim Sermayesi Yati Ortak Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hedef Girisim Sermayesi Yati Ortak's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hedef Girisim Sermayesi Yati Ortak (IST:HDFGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hedef Girisim Sermayesi Yati Ortak (IST:HDFGS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burhaniye Mh. Dogu Karadeniz Cd., Selvilievler Sitesi No:26-5, Uskudar, Istanbul, TUR, 34676

Website

http://www.hedefgirisim.com.tr

Hedef Girisim Sermayesi Yati Ortak is a venture capital investment trust formed with the aim of encouraging venture capital and private equity investments in SMEs by offering attractive tax breaks to its investors.

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