Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Debt-to-Equity : 0.19 (As of Sep. 2023)

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What is Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-Equity?

Alfa Solar Enerjinayi Ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺234 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺107 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺1,808 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's debt to equity for the quarter that ended in Sep. 2023 was 0.19.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:ALFAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: 0.69
Current: 0.19

During the past 4 years, the highest Debt-to-Equity Ratio of Alfa Solar Enerjinayi Ve Ticaret AS was 0.69. The lowest was 0.02. And the median was 0.20.

IST:ALFAS's Debt-to-Equity is ranked better than
58.17% of 875 companies
in the Semiconductors industry
Industry Median: 0.26 vs IST:ALFAS: 0.19

Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity 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.

* Premium members only.

Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-Equity Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.69

0.29

0.17

0.02

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						N/A	0.02	0.12	0.21	0.19

Competitive Comparison of Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity

For the Solar subindustry, Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-Equity falls into.

Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alfa Solar Enerjinayi Ve Ticaret AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(16.659	+	0.228)	/	956.689
	=	0.02

Alfa Solar Enerjinayi Ve Ticaret AS's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(234.261	+	107.449)	/	1808.453
	=	0.19

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-Equity Related Terms

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Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alfa Solar Enerji Sanayi Ve Ticaret AS (IST:ALFAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No: 31, Yelken Plaza, Cankaya, Ankara, TUR

Website

https://www.alfasolarenerji.com

Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Headlines

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