Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Cash-to-Debt : 0.97 (As of Dec. 2023)

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What is Turkiye Vakiflar Bankasi TAO 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. Turkiye Vakiflar Bankasi TAO's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.97.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Turkiye Vakiflar Bankasi TAO couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Turkiye Vakiflar Bankasi TAO's Cash-to-Debt or its related term are showing as below:

IST:VAKBN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 0.79 Max: 1.32
Current: 0.97

During the past 13 years, Turkiye Vakiflar Bankasi TAO's highest Cash to Debt Ratio was 1.32. The lowest was 0.45. And the median was 0.79.

IST:VAKBN's Cash-to-Debt is ranked worse than
58.11% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs IST:VAKBN: 0.97

Turkiye Vakiflar Bankasi TAO Cash-to-Debt Historical Data

The historical data trend for Turkiye Vakiflar Bankasi TAO'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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Turkiye Vakiflar Bankasi TAO Cash-to-Debt Chart

Turkiye Vakiflar Bankasi TAO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.45

0.82

0.91

1.32

0.97

Turkiye Vakiflar Bankasi TAO 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															1.32	0.79	0.98	1.12	0.97

Competitive Comparison of Turkiye Vakiflar Bankasi TAO's Cash-to-Debt

For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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.

Turkiye Vakiflar Bankasi TAO's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Turkiye Vakiflar Bankasi TAO's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Turkiye Vakiflar Bankasi TAO's Cash-to-Debt falls into.

Turkiye Vakiflar Bankasi TAO Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Turkiye Vakiflar Bankasi TAO's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	520007.206	/	(0	+	536104.584)
	=	0.97

Turkiye Vakiflar Bankasi TAO's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	520007.206	/	(0	+	536104.584)
	=	0.97

Turkiye Vakiflar Bankasi TAO (IST:VAKBN) 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.

Turkiye Vakiflar Bankasi TAO Cash-to-Debt Related Terms

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

Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Turkiye Vakiflar Bankasi TAO (IST:VAKBN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saray Mahallesi Dr. Adnan Buyukdeniz Caddesi No: 7/A-B, Genel Mudurlugu, Umraniye, Istanbul, TUR, 34768

Website

https://www.vakifbank.com.tr

Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, as well as financial leasing and factoring, among other activities. Most of the bank's earning assets are commercial loans, but it also has a significant retail loan book and securities portfolio. The bank operates and has its credit exposed overwhelmingly in the Turkish market.

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