Birlik Mensucat Ticaret Venayi AS (IST:BRMEN) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Birlik Mensucat Ticaret Venayi AS Debt-to-Equity?

Birlik Mensucat Ticaret Venayi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺0.33 Mil. Birlik Mensucat Ticaret Venayi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺0.11 Mil. Birlik Mensucat Ticaret Venayi AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺18.82 Mil. Birlik Mensucat Ticaret Venayi AS's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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 Birlik Mensucat Ticaret Venayi AS's Debt-to-Equity or its related term are showing as below:

IST:BRMEN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.3 Med: 0.1 Max: 1.46
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Birlik Mensucat Ticaret Venayi AS was 1.46. The lowest was -0.30. And the median was 0.10.

IST:BRMEN's Debt-to-Equity is ranked better than
95.52% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs IST:BRMEN: 0.02

Birlik Mensucat Ticaret Venayi AS Debt-to-Equity Historical Data

The historical data trend for Birlik Mensucat Ticaret Venayi 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.

Birlik Mensucat Ticaret Venayi AS Debt-to-Equity Chart

Birlik Mensucat Ticaret Venayi AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.09

0.01

-0.02

-0.26

Birlik Mensucat Ticaret Venayi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.21	-0.26	0.06	0.06	0.02

Competitive Comparison of Birlik Mensucat Ticaret Venayi AS's Debt-to-Equity

For the Textile Manufacturing subindustry, Birlik Mensucat Ticaret Venayi 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.

Birlik Mensucat Ticaret Venayi AS's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Birlik Mensucat Ticaret Venayi AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Birlik Mensucat Ticaret Venayi AS's Debt-to-Equity falls into.

Birlik Mensucat Ticaret Venayi AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Birlik Mensucat Ticaret Venayi 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
	=	(0.387	+	0.402)	/	-3.035
	=	-0.26

Birlik Mensucat Ticaret Venayi 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
	=	(0.327	+	0.111)	/	18.818
	=	0.02

Birlik Mensucat Ticaret Venayi AS (IST:BRMEN) 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.

Birlik Mensucat Ticaret Venayi AS Debt-to-Equity Related Terms

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Birlik Mensucat Ticaret Venayi AS (IST:BRMEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Birlik Mensucat Ticaret Ve Sanayi AS (IST:BRMEN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Osman Kavuncu Mahallesi, Mensucat Cad. No: 22, Melikgazi, Kayseri Hotels, Istanbul, TUR

Website

http://www.birlikmensucat.com.tr

Birlik Mensucat Ticaret Ve Sanayi AS manufactures and dyes textile products. The company offers cotton terry towels, bathrobes, home textile products, curtains, mattresses, and bed bases under the registered trademark of SOLEY.

Birlik Mensucat Ticaret Venayi AS (IST:BRMEN) Headlines

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