Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is Turkiye Sise ve Cam Fabrikalari AS Debt-to-Equity?

Turkiye Sise ve Cam Fabrikalari AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺38,219 Mil. Turkiye Sise ve Cam Fabrikalari AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺46,019 Mil. Turkiye Sise ve Cam Fabrikalari AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺142,355 Mil. Turkiye Sise ve Cam Fabrikalari AS's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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 Turkiye Sise ve Cam Fabrikalari AS's Debt-to-Equity or its related term are showing as below:

IST:SISE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.65 Max: 1.08
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Turkiye Sise ve Cam Fabrikalari AS was 1.08. The lowest was 0.54. And the median was 0.65.

IST:SISE's Debt-to-Equity is ranked worse than
67.26% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs IST:SISE: 0.59

Turkiye Sise ve Cam Fabrikalari AS Debt-to-Equity Historical Data

The historical data trend for Turkiye Sise ve Cam Fabrikalari 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.

Turkiye Sise ve Cam Fabrikalari AS Debt-to-Equity Chart

Turkiye Sise ve Cam Fabrikalari AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.08

0.77

0.70

0.54

0.59

Turkiye Sise ve Cam Fabrikalari AS 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															0.54	0.63	0.70	0.81	0.59

Competitive Comparison of Turkiye Sise ve Cam Fabrikalari AS's Debt-to-Equity

For the Specialty Chemicals subindustry, Turkiye Sise ve Cam Fabrikalari 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.

Turkiye Sise ve Cam Fabrikalari AS's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Turkiye Sise ve Cam Fabrikalari AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turkiye Sise ve Cam Fabrikalari AS's Debt-to-Equity falls into.

Turkiye Sise ve Cam Fabrikalari AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turkiye Sise ve Cam Fabrikalari 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
	=	(38219.052	+	46018.555)	/	142355.121
	=	0.59

Turkiye Sise ve Cam Fabrikalari 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
	=	(38219.052	+	46018.555)	/	142355.121
	=	0.59

Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) 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.

Turkiye Sise ve Cam Fabrikalari AS Debt-to-Equity Related Terms

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

Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44/A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecam.com.tr

Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey.

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