T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is T Tuborg Bira Ve Maltnayii AS Debt-to-Equity?

T Tuborg Bira Ve Maltnayii AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺2,387 Mil. T Tuborg Bira Ve Maltnayii AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺176 Mil. T Tuborg Bira Ve Maltnayii AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺10,262 Mil. T Tuborg Bira Ve Maltnayii AS's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 T Tuborg Bira Ve Maltnayii AS's Debt-to-Equity or its related term are showing as below:

IST:TBORG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.2 Max: 0.25
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of T Tuborg Bira Ve Maltnayii AS was 0.25. The lowest was 0.04. And the median was 0.20.

IST:TBORG's Debt-to-Equity is ranked better than
59.78% of 184 companies
in the Beverages - Alcoholic industry
Industry Median: 0.39 vs IST:TBORG: 0.25

T Tuborg Bira Ve Maltnayii AS Debt-to-Equity Historical Data

The historical data trend for T Tuborg Bira Ve Maltnayii 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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T Tuborg Bira Ve Maltnayii AS Debt-to-Equity Chart

T Tuborg Bira Ve Maltnayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.24

0.04

0.24

0.25

T Tuborg Bira Ve Maltnayii 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															0.24	0.24	0.26	0.29	0.25

Competitive Comparison of T Tuborg Bira Ve Maltnayii AS's Debt-to-Equity

For the Beverages - Brewers subindustry, T Tuborg Bira Ve Maltnayii 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.

T Tuborg Bira Ve Maltnayii AS's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, T Tuborg Bira Ve Maltnayii AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where T Tuborg Bira Ve Maltnayii AS's Debt-to-Equity falls into.

T Tuborg Bira Ve Maltnayii AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

T Tuborg Bira Ve Maltnayii 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
	=	(2387.322	+	175.928)	/	10262.257
	=	0.25

T Tuborg Bira Ve Maltnayii 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
	=	(2387.322	+	175.928)	/	10262.257
	=	0.25

T Tuborg Bira Ve Maltnayii AS (IST:TBORG) 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.

T Tuborg Bira Ve Maltnayii AS Debt-to-Equity Related Terms

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T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » T Tuborg Bira Ve Malt Sanayii AS (IST:TBORG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kemalpasa Street, No. 258/9, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.turktuborg.com.tr

T Tuborg Bira Ve Malt Sanayii AS is engaged in the production, sales and distribution of beer and malt to the domestic and international markets. The products are offered under the brand name Tuborg, Carlsberg, Frederik, Troy, and others.

T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Headlines

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