Qua Granite (IST:QUAGR) Debt-to-Equity : 0.86 (As of Sep. 2023)

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What is Qua Granite Debt-to-Equity?

Qua Granite's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺3,411 Mil. Qua Granite's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺326 Mil. Qua Granite's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺4,369 Mil. Qua Granite's debt to equity for the quarter that ended in Sep. 2023 was 0.86.

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 Qua Granite's Debt-to-Equity or its related term are showing as below:

IST:QUAGR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.86 Max: 1.08
Current: 0.86

During the past 5 years, the highest Debt-to-Equity Ratio of Qua Granite was 1.08. The lowest was 0.36. And the median was 0.86.

IST:QUAGR's Debt-to-Equity is ranked worse than
71.1% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs IST:QUAGR: 0.86

Qua Granite Debt-to-Equity Historical Data

The historical data trend for Qua Granite'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.

Qua Granite Debt-to-Equity Chart

Qua Granite Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.90

0.95

0.60

0.79

0.72

Qua Granite Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											1.02	0.72	0.80	0.95	0.86

Competitive Comparison of Qua Granite's Debt-to-Equity

For the Building Products & Equipment subindustry, Qua Granite'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.

Qua Granite's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Qua Granite's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qua Granite's Debt-to-Equity falls into.

Qua Granite Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qua Granite'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
	=	(2322.162	+	359.715)	/	3746.564
	=	0.72

Qua Granite'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
	=	(3410.666	+	325.567)	/	4369.088
	=	0.86

Qua Granite (IST:QUAGR) 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.

Qua Granite Debt-to-Equity Related Terms

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

Qua Granite (IST:QUAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qua Granite (IST:QUAGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soke Organize Sanayi Bölgesi Mah, 4. Sokak No. 1 Söke, Aydin, TUR

Website

https://www.qua.com.tr

Qua Granite is involved in the activity of production and sale of ceramics tiles, floor tiles, granite and other faience materials.

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