Logo Yazilimnayi ve Ticaret AS (IST:LOGO) Cash-to-Debt : 2.20 (As of Dec. 2023)

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What is Logo Yazilimnayi 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. Logo Yazilimnayi ve Ticaret AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.20.

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, Logo Yazilimnayi ve Ticaret 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 Logo Yazilimnayi ve Ticaret AS's Cash-to-Debt or its related term are showing as below:

IST:LOGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 1.78 Max: 21.48
Current: 2.2

During the past 13 years, Logo Yazilimnayi ve Ticaret AS's highest Cash to Debt Ratio was 21.48. The lowest was 0.66. And the median was 1.78.

IST:LOGO's Cash-to-Debt is ranked worse than
51.77% of 2799 companies
in the Software industry
Industry Median: 2.45 vs IST:LOGO: 2.20

Logo Yazilimnayi ve Ticaret AS Cash-to-Debt Historical Data

The historical data trend for Logo Yazilimnayi 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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Logo Yazilimnayi ve Ticaret AS Cash-to-Debt Chart

Logo Yazilimnayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.12

1.93

1.63

2.52

2.20

Logo Yazilimnayi ve Ticaret 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															2.52	2.42	1.81	1.59	2.20

Competitive Comparison of Logo Yazilimnayi ve Ticaret AS's Cash-to-Debt

For the Software - Application subindustry, Logo Yazilimnayi 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.

Logo Yazilimnayi ve Ticaret AS's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Logo Yazilimnayi ve Ticaret AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Logo Yazilimnayi ve Ticaret AS's Cash-to-Debt falls into.

Logo Yazilimnayi 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.

Logo Yazilimnayi ve Ticaret 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)
	=	770.098	/	(102.611	+	246.883)
	=	2.20

Logo Yazilimnayi ve Ticaret 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)
	=	770.098	/	(102.611	+	246.883)
	=	2.20

Logo Yazilimnayi ve Ticaret AS (IST:LOGO) 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.

Logo Yazilimnayi ve Ticaret AS Cash-to-Debt Related Terms

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

Logo Yazilimnayi ve Ticaret AS (IST:LOGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Logo Yazilim Sanayi ve Ticaret AS (IST:LOGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahabettin Bilgisu Caddesi, No. 609, Gebze Organize Sanayi Bolgesi, Kocaeli, Gebze, TUR, 41400

Website

https://www.logo.com.tr

Logo Yazilim Sanayi ve Ticaret AS is a software company developing software for engineering and project management. The company's vast array of solutions includes Enterprise Resource Planning solutions, Project Solutions, Small and Medium Enterprise Solutions, Business Analytics Solutions, Human Resource Solutions, Supply Chain Solutions, Integrated Products, Work Flow Management Solutions, Retail Cloud Solutions, Customer Relationship Management Solutions, and Mobile Solutions. The group generates revenue from the sale of off-the-shelf software, logo enterprise membership, SaaS membership, after-sales services, Netsis software license, development of customized software and version upgrade package sales.

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