ICBC Turkey Bank AS (IST:ICBCT) Cash-to-Debt : 0.50 (As of Mar. 2024)

View and export this data going back to 1987. Start your Free Trial

What is ICBC Turkey Bank 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. ICBC Turkey Bank AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.50.

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, ICBC Turkey Bank AS couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for ICBC Turkey Bank AS's Cash-to-Debt or its related term are showing as below:

IST:ICBCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.5 Max: 1.93
Current: 0.5

During the past 13 years, ICBC Turkey Bank AS's highest Cash to Debt Ratio was 1.93. The lowest was 0.31. And the median was 0.50.

IST:ICBCT's Cash-to-Debt is ranked worse than
73.84% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs IST:ICBCT: 0.50

ICBC Turkey Bank AS Cash-to-Debt Historical Data

The historical data trend for ICBC Turkey Bank 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.

* Premium members only.

ICBC Turkey Bank AS Cash-to-Debt Chart

ICBC Turkey Bank AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.75

0.51

0.47

0.42

0.51

ICBC Turkey Bank AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.41	0.38	0.48	0.51	0.50

Competitive Comparison of ICBC Turkey Bank AS's Cash-to-Debt

For the Banks - Regional subindustry, ICBC Turkey Bank 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.

ICBC Turkey Bank AS's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ICBC Turkey Bank AS's Cash-to-Debt distribution charts can be found below:

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

ICBC Turkey Bank AS 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.

ICBC Turkey Bank AS'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)
	=	23356.913	/	(0	+	46014.502)
	=	0.51

ICBC Turkey Bank AS's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	23952.954	/	(0	+	48201.533)
	=	0.50

ICBC Turkey Bank AS (IST:ICBCT) 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.

ICBC Turkey Bank AS Cash-to-Debt Related Terms

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

ICBC Turkey Bank AS (IST:ICBCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ICBC Turkey Bank AS (IST:ICBCT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maslak Mah. Dereboyu/2 Cad. No:13, Sariyer - Istanbul, TUR, 34398

Website

https://www.icbc.com.tr

ICBC Turkey Bank AS is a bank engaged in corporate and retail banking activities. The operations of the company consist of corporate, commercial, and retail banking services, international transactions, and securities trading in capital markets, which are conducted mainly with local customers. The company has three segments, namely Retail Banking, which includes loans, deposits, and other transactions and balances with retail customers; Corporate Banking includes loans, deposits, and other transactions and balances with corporate and SME customers; and Treasury, Investment Banking, and others include funds management and treasury activities. It derives key revenue from the Corporate banking segment.

ICBC Turkey Bank AS (IST:ICBCT) Headlines

No Headlines