Sinpas Gayrimenkul Yatirim Ortakligi AS (IST:SNGYO) Debt-to-Equity : 0.41 (As of Sep. 2023)

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What is Sinpas Gayrimenkul Yatirim Ortakligi AS Debt-to-Equity?

Sinpas Gayrimenkul Yatirim Ortakligi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺1,069 Mil. Sinpas Gayrimenkul Yatirim Ortakligi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺2,948 Mil. Sinpas Gayrimenkul Yatirim Ortakligi AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺9,700 Mil. Sinpas Gayrimenkul Yatirim Ortakligi AS's debt to equity for the quarter that ended in Sep. 2023 was 0.41.

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 Sinpas Gayrimenkul Yatirim Ortakligi AS's Debt-to-Equity or its related term are showing as below:

IST:SNGYO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.99 Max: 212.66
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Sinpas Gayrimenkul Yatirim Ortakligi AS was 212.66. The lowest was 0.41. And the median was 0.99.

IST:SNGYO's Debt-to-Equity is ranked better than
81.72% of 673 companies
in the REITs industry
Industry Median: 0.78 vs IST:SNGYO: 0.41

Sinpas Gayrimenkul Yatirim Ortakligi AS Debt-to-Equity Historical Data

The historical data trend for Sinpas Gayrimenkul Yatirim Ortakligi 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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Sinpas Gayrimenkul Yatirim Ortakligi AS Debt-to-Equity Chart

Sinpas Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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9.29

6.58

5.74

1.06

0.46

Sinpas Gayrimenkul Yatirim Ortakligi 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															1.50	0.46	0.49	0.42	0.41

Competitive Comparison of Sinpas Gayrimenkul Yatirim Ortakligi AS's Debt-to-Equity

For the REIT - Residential subindustry, Sinpas Gayrimenkul Yatirim Ortakligi 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.

Sinpas Gayrimenkul Yatirim Ortakligi AS's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sinpas Gayrimenkul Yatirim Ortakligi AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sinpas Gayrimenkul Yatirim Ortakligi AS's Debt-to-Equity falls into.

Sinpas Gayrimenkul Yatirim Ortakligi AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinpas Gayrimenkul Yatirim Ortakligi 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
	=	(964.374	+	3688.507)	/	10038.133
	=	0.46

Sinpas Gayrimenkul Yatirim Ortakligi 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
	=	(1069.444	+	2947.74)	/	9699.556
	=	0.41

Sinpas Gayrimenkul Yatirim Ortakligi AS (IST:SNGYO) 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.

Sinpas Gayrimenkul Yatirim Ortakligi AS Debt-to-Equity Related Terms

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

Sinpas Gayrimenkul Yatirim Ortakligi AS (IST:SNGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sinpas Gayrimenkul Yatirim Ortakligi AS (IST:SNGYO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sinpa? plaza, dikilita? mahallesi, Yenido?an Sokak no: 36, Be?ikta?, Istanbul, TUR, 34349

Website

http://www.sinpasgyo.com

Sinpas Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust company. It is engaged in the development of various real estate projects to builds houses and commercial building under themed projects. The company invests in Istanbul, Ankara, Bursa, and Marmaris. Its projects portfolio includes GOKORMAN, QUEEN BOMONTI, MEYROLIFE, BURSA MODERN, ANKARA POLATI and ISTANBUL-BEYKOZ.

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