CAN2 Termik AS (IST:CANTE) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is CAN2 Termik AS Debt-to-Equity?

CAN2 Termik AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺11 Mil. CAN2 Termik AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺2 Mil. CAN2 Termik AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺16,828 Mil. CAN2 Termik AS's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 CAN2 Termik AS's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of CAN2 Termik AS was 4.71. The lowest was 0.00. And the median was 1.22.

IST:CANTE's Debt-to-Equity is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 0.79
* Ranked among companies with meaningful Debt-to-Equity only.

CAN2 Termik AS Debt-to-Equity Historical Data

The historical data trend for CAN2 Termik 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.

CAN2 Termik AS Debt-to-Equity Chart

CAN2 Termik AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.79

2.05

0.88

0.31

CAN2 Termik AS Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.31	0.50	0.71	0.02	-

Competitive Comparison of CAN2 Termik AS's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, CAN2 Termik 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.

CAN2 Termik AS's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CAN2 Termik AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CAN2 Termik AS's Debt-to-Equity falls into.

CAN2 Termik AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CAN2 Termik AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(11.41	+	2.158)	/	16828.138
	=	0.00

CAN2 Termik AS's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(11.41	+	2.158)	/	16828.138
	=	0.00

CAN2 Termik AS (IST:CANTE) 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.

CAN2 Termik AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CAN2 Termik AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CAN2 Termik AS (IST:CANTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CAN2 Termik AS (IST:CANTE) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Barbaros Mahallesi, Karanfil Sokak, Varyap Meridian Sitesi No:l lD, Villa 4 Bati Atajehir, Istanbul, TUR

Website

https://www.can2termik.com.tr

CAN2 Termik AS is a company operating in the fields of electrical energy generation, procurement and mining.

CAN2 Termik AS (IST:CANTE) Headlines

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