Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Cash-to-Debt : 1.51 (As of Sep. 2023)

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What is Ozak Gayrimenkul Yatirim Ortakligi 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. Ozak Gayrimenkul Yatirim Ortakligi's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.51.

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, Ozak Gayrimenkul Yatirim Ortakligi 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 Ozak Gayrimenkul Yatirim Ortakligi's Cash-to-Debt or its related term are showing as below:

IST:OZKGY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.66 Max: 2.82
Current: 1.51

During the past 13 years, Ozak Gayrimenkul Yatirim Ortakligi's highest Cash to Debt Ratio was 2.82. The lowest was 0.07. And the median was 0.66.

IST:OZKGY's Cash-to-Debt is ranked better than
76.9% of 801 companies
in the REITs industry
Industry Median: 0.08 vs IST:OZKGY: 1.51

Ozak Gayrimenkul Yatirim Ortakligi Cash-to-Debt Historical Data

The historical data trend for Ozak Gayrimenkul Yatirim Ortakligi'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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Ozak Gayrimenkul Yatirim Ortakligi Cash-to-Debt Chart

Ozak Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.70

0.68

1.23

2.14

1.88

Ozak Gayrimenkul Yatirim Ortakligi 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															2.82	1.88	1.95	2.25	1.51

Competitive Comparison of Ozak Gayrimenkul Yatirim Ortakligi's Cash-to-Debt

For the REIT - Diversified subindustry, Ozak Gayrimenkul Yatirim Ortakligi'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.

Ozak Gayrimenkul Yatirim Ortakligi's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ozak Gayrimenkul Yatirim Ortakligi's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ozak Gayrimenkul Yatirim Ortakligi's Cash-to-Debt falls into.

Ozak Gayrimenkul Yatirim Ortakligi 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.

Ozak Gayrimenkul Yatirim Ortakligi'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)
	=	3282.662	/	(595.25	+	1148.275)
	=	1.88

Ozak Gayrimenkul Yatirim Ortakligi'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)
	=	3533.537	/	(939.235	+	1404.166)
	=	1.51

Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) 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.

Ozak Gayrimenkul Yatirim Ortakligi Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ozak Gayrimenkul Yatirim Ortakligi's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kazlicesme Mah. Kennedy Cad. No:52C, D:1 Zeytinburnu, Istanbul, TUR, 34020

Website

http://www.ozakgyo.com

Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall.

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