GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS (IST:GSDDE) Debt-to-Equity : 0.30 (As of Sep. 2023)

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What is GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS Debt-to-Equity?

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺147.2 Mil. GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺303.9 Mil. GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺1,519.2 Mil. GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's debt to equity for the quarter that ended in Sep. 2023 was 0.30.

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 GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:GSDDE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.9 Max: 3.12
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS was 3.12. The lowest was 0.30. And the median was 0.90.

IST:GSDDE's Debt-to-Equity is ranked better than
68.52% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs IST:GSDDE: 0.30

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for GSD Denizcilik Gayrimenkul Insaatnayi 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.

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GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS Debt-to-Equity Chart

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.26

0.75

0.67

0.40

0.32

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret 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															0.34	0.32	0.31	0.31	0.30

Competitive Comparison of GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Debt-to-Equity

For the Marine Shipping subindustry, GSD Denizcilik Gayrimenkul Insaatnayi 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.

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Debt-to-Equity falls into.

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GSD Denizcilik Gayrimenkul Insaatnayi 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
	=	(96.821	+	240.542)	/	1045.642
	=	0.32

GSD Denizcilik Gayrimenkul Insaatnayi 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
	=	(147.224	+	303.881)	/	1519.215
	=	0.30

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS (IST:GSDDE) 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.

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

GSD Denizcilik Gayrimenkul Insaatnayi Ve Ticaret AS (IST:GSDDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GSD Denizcilik Gayrimenkul Insaat Sanayi Ve Ticaret AS (IST:GSDDE) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Avdrnevler Mahallesi. Kaptan R?fat Sokak. No: 3, Kuçukyal?, Maltepe, Istanbul, TUR, 34854

Website

http://www.gsdmarin.com.tr

GSD Denizcilik Gayrimenkul Insaat Sanayi Ve Ticaret AS operates in the marine freight transportation industry. It offers to purchase and sale of ships, yachts, and naval vessels and relevant instruments, equipment and spare parts; and the purchasing and selling, renting and building real estate properties.

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