CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is CarrefourSA Carrefourbanci Ticaret Merkezi AS Debt-to-Equity?

CarrefourSA Carrefourbanci Ticaret Merkezi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺1,766 Mil. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺1,805 Mil. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺5,146 Mil. CarrefourSA Carrefourbanci Ticaret Merkezi AS's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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 CarrefourSA Carrefourbanci Ticaret Merkezi AS's Debt-to-Equity or its related term are showing as below:

IST:CRFSA' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.91 Med: 1.18 Max: 119.77
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of CarrefourSA Carrefourbanci Ticaret Merkezi AS was 119.77. The lowest was -6.91. And the median was 1.18.

IST:CRFSA's Debt-to-Equity is ranked worse than
53.41% of 279 companies
in the Retail - Defensive industry
Industry Median: 0.62 vs IST:CRFSA: 0.69

CarrefourSA Carrefourbanci Ticaret Merkezi AS Debt-to-Equity Historical Data

The historical data trend for CarrefourSA Carrefourbanci Ticaret Merkezi 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.

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CarrefourSA Carrefourbanci Ticaret Merkezi AS Debt-to-Equity Chart

CarrefourSA Carrefourbanci Ticaret Merkezi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-6.91

119.77

-5.64

0.98

0.69

CarrefourSA Carrefourbanci Ticaret Merkezi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.98	-2.80	-2.46	-2.44	0.69

Competitive Comparison of CarrefourSA Carrefourbanci Ticaret Merkezi AS's Debt-to-Equity

For the Grocery Stores subindustry, CarrefourSA Carrefourbanci Ticaret Merkezi 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.

CarrefourSA Carrefourbanci Ticaret Merkezi AS's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CarrefourSA Carrefourbanci Ticaret Merkezi AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CarrefourSA Carrefourbanci Ticaret Merkezi AS's Debt-to-Equity falls into.

CarrefourSA Carrefourbanci Ticaret Merkezi AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CarrefourSA Carrefourbanci Ticaret Merkezi 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
	=	(1766.136	+	1804.775)	/	5146.189
	=	0.69

CarrefourSA Carrefourbanci Ticaret Merkezi 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
	=	(1766.136	+	1804.775)	/	5146.189
	=	0.69

CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) 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.

CarrefourSA Carrefourbanci Ticaret Merkezi AS Debt-to-Equity Related Terms

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

CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (IST:CRFSA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cevizli Mahallesi, Tugay Yolu Caddesi No:67 A, B Blok Maltepe, Istanbul, TUR, 34752

Website

https://www.carrefoursa.com

CarrefourSA Carrefour Sabanci Ticaret Merkezi AS operate in the hypermarket and supermarket sectors in Turkey. The company is a retailer of food, household items, and consumer goods and operates in the form of hypermarkets and supermarkets. The Company's revenue is comprises of retail sales and income from sublease.

CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) Headlines

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