Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Debt-to-Equity : 0.58 (As of Sep. 2023)

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What is Meka Betonntralleri Imalatnayi ve Ticaret AS Debt-to-Equity?

Meka Betonntralleri Imalatnayi ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺108.3 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺20.5 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺223.0 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's debt to equity for the quarter that ended in Sep. 2023 was 0.58.

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 Meka Betonntralleri Imalatnayi ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:MEKAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.54 Max: 0.6
Current: 0.58

During the past 3 years, the highest Debt-to-Equity Ratio of Meka Betonntralleri Imalatnayi ve Ticaret AS was 0.60. The lowest was 0.25. And the median was 0.54.

IST:MEKAG's Debt-to-Equity is ranked worse than
67.14% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs IST:MEKAG: 0.58

Meka Betonntralleri Imalatnayi ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Meka Betonntralleri Imalatnayi 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.

* Premium members only.

Meka Betonntralleri Imalatnayi ve Ticaret AS Debt-to-Equity Chart

Meka Betonntralleri Imalatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.60

0.28

0.25

Meka Betonntralleri Imalatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	N/A	0.25	0.54	0.58

Competitive Comparison of Meka Betonntralleri Imalatnayi ve Ticaret AS's Debt-to-Equity

For the Building Materials subindustry, Meka Betonntralleri Imalatnayi 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Meka Betonntralleri Imalatnayi ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Meka Betonntralleri Imalatnayi ve Ticaret AS's Debt-to-Equity falls into.

Meka Betonntralleri Imalatnayi ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meka Betonntralleri Imalatnayi 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
	=	(28.939	+	14.177)	/	176.038
	=	0.24

Meka Betonntralleri Imalatnayi 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
	=	(108.264	+	20.541)	/	223.001
	=	0.58

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Debt-to-Equity Related Terms

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

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meka Beton Santralleri Imalat Sanayi ve Ticaret AS (IST:MEKAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909

Website

https://www.mekaglobal.com/tr

Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

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