ICBC Turkey Bank AS (IST:ICBCT) Financial Strength : 1 (As of Mar. 2024)

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What is ICBC Turkey Bank AS Financial Strength?

ICBC Turkey Bank AS has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

ICBC Turkey Bank AS displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate ICBC Turkey Bank AS's interest coverage with the available data. ICBC Turkey Bank AS's debt to revenue ratio for the quarter that ended in Mar. 2024 was 13.28. Altman Z-Score does not apply to banks and insurance companies.

ICBC Turkey Bank AS Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

ICBC Turkey Bank AS's Interest Expense for the months ended in Mar. 2024 was ₺-2,221 Mil. Its Operating Income for the months ended in Mar. 2024 was ₺0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺48,202 Mil.

ICBC Turkey Bank AS's Interest Coverage for the quarter that ended in Mar. 2024 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

ICBC Turkey Bank AS's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	48201.533)	/	3630.088
	=	13.28

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

ICBC Turkey Bank AS (IST:ICBCT) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

ICBC Turkey Bank AS has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

ICBC Turkey Bank AS Financial Strength Related Terms

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ICBC Turkey Bank AS (IST:ICBCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ICBC Turkey Bank AS (IST:ICBCT) » Definitions » Financial Strength

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.