Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Formet Metal Ve Camnayi Anonim Sirketi Debt-to-Equity?

Formet Metal Ve Camnayi Anonim Sirketi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺93.1 Mil. Formet Metal Ve Camnayi Anonim Sirketi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺99.5 Mil. Formet Metal Ve Camnayi Anonim Sirketi's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺923.2 Mil. Formet Metal Ve Camnayi Anonim Sirketi's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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 Formet Metal Ve Camnayi Anonim Sirketi's Debt-to-Equity or its related term are showing as below:

IST:FORMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.98 Max: 2.72
Current: 0.21

During the past 9 years, the highest Debt-to-Equity Ratio of Formet Metal Ve Camnayi Anonim Sirketi was 2.72. The lowest was 0.13. And the median was 0.98.

IST:FORMT's Debt-to-Equity is ranked better than
65.27% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs IST:FORMT: 0.21

Formet Metal Ve Camnayi Anonim Sirketi Debt-to-Equity Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi'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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Formet Metal Ve Camnayi Anonim Sirketi Debt-to-Equity Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

1.02

0.13

0.19

0.21

Formet Metal Ve Camnayi Anonim Sirketi 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															0.19	0.20	0.30	0.17	0.21

Competitive Comparison of Formet Metal Ve Camnayi Anonim Sirketi's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Formet Metal Ve Camnayi Anonim Sirketi'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.

Formet Metal Ve Camnayi Anonim Sirketi's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Formet Metal Ve Camnayi Anonim Sirketi's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Formet Metal Ve Camnayi Anonim Sirketi's Debt-to-Equity falls into.

Formet Metal Ve Camnayi Anonim Sirketi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Formet Metal Ve Camnayi Anonim Sirketi'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
	=	(93.134	+	99.525)	/	923.157
	=	0.21

Formet Metal Ve Camnayi Anonim Sirketi'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
	=	(93.134	+	99.525)	/	923.157
	=	0.21

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) 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.

Formet Metal Ve Camnayi Anonim Sirketi Debt-to-Equity Related Terms

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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Formet Metal Ve Cam Sanayi Anonim Sirketi (IST:FORMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR

Website

http://www.formetcelikkapi.com.tr

Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Headlines

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