Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Hitit Bilgisayar Hizmetleri AS Debt-to-Equity?

Hitit Bilgisayar Hizmetleri AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0.0 Mil. Hitit Bilgisayar Hizmetleri AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0.0 Mil. Hitit Bilgisayar Hizmetleri AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺1,497.2 Mil. Hitit Bilgisayar Hizmetleri 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 Hitit Bilgisayar Hizmetleri AS's Debt-to-Equity or its related term are showing as below:

IST:HTTBT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.23
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Hitit Bilgisayar Hizmetleri AS was 0.23. The lowest was 0.01. And the median was 0.14.

IST:HTTBT's Debt-to-Equity is ranked better than
99.95% of 2219 companies
in the Software industry
Industry Median: 0.21 vs IST:HTTBT: 0.01

Hitit Bilgisayar Hizmetleri AS Debt-to-Equity Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri 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.

Hitit Bilgisayar Hizmetleri AS Debt-to-Equity Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.23

0.05

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.05	0.01	0.01	-	-

Competitive Comparison of Hitit Bilgisayar Hizmetleri AS's Debt-to-Equity

For the Software - Application subindustry, Hitit Bilgisayar Hizmetleri 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.

Hitit Bilgisayar Hizmetleri AS's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Hitit Bilgisayar Hizmetleri AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hitit Bilgisayar Hizmetleri AS's Debt-to-Equity falls into.

Hitit Bilgisayar Hizmetleri AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hitit Bilgisayar Hizmetleri 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
	=	(0	+	0)	/	1497.191
	=	0.00

Hitit Bilgisayar Hizmetleri 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
	=	(0	+	0)	/	1497.191
	=	0.00

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) 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.

Hitit Bilgisayar Hizmetleri AS Debt-to-Equity Related Terms

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

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Headlines

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