GSD Holding AS (IST:GSDHO) Debt-to-Equity : 0.26 (As of Sep. 2023)

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What is GSD Holding AS Debt-to-Equity?

GSD Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺1,006 Mil. GSD Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺604 Mil. GSD Holding AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺6,108 Mil. GSD Holding AS's debt to equity for the quarter that ended in Sep. 2023 was 0.26.

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

IST:GSDHO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.37 Max: 0.67
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of GSD Holding AS was 0.67. The lowest was 0.22. And the median was 0.37.

IST:GSDHO's Debt-to-Equity is ranked better than
72.56% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs IST:GSDHO: 0.26

GSD Holding AS Debt-to-Equity Historical Data

The historical data trend for GSD Holding 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.

GSD Holding AS Debt-to-Equity Chart

GSD Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.41

0.35

0.32

0.39

0.31

GSD Holding 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															0.31	0.31	0.26	0.22	0.26

Competitive Comparison of GSD Holding AS's Debt-to-Equity

For the Marine Shipping subindustry, GSD Holding 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 Holding AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GSD Holding AS's Debt-to-Equity distribution charts can be found below:

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

GSD Holding AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GSD Holding 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
	=	(964.488	+	477.928)	/	4616.08
	=	0.31

GSD Holding 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
	=	(1006.206	+	604.354)	/	6107.609
	=	0.26

GSD Holding AS (IST:GSDHO) 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 Holding AS Debt-to-Equity Related Terms

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

GSD Holding AS (IST:GSDHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GSD Holding AS (IST:GSDHO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aydinevler Mahallesi, Captan Rifat Sokak Number 3, Kucukyali, Maltepe, Istanbul, TUR, 34854

Website

http://www.gsdholding.com.tr

GSD Holding AS operates in finance, marine, and energy sectors through its subsidiaries in Turkey. Its primary functions are to establish, execute, and evaluate the medium-term goals and targets for its subsidiaries and affiliated companies, and to coordinate their activities.

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