Garanti Faktoring AS (IST:GARFA) Debt-to-Equity : 4.83 (As of Mar. 2024)

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What is Garanti Faktoring AS Debt-to-Equity?

Garanti Faktoring AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺0 Mil. Garanti Faktoring AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺9,730 Mil. Garanti Faktoring AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺2,013 Mil. Garanti Faktoring AS's debt to equity for the quarter that ended in Mar. 2024 was 4.83.

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 Garanti Faktoring AS's Debt-to-Equity or its related term are showing as below:

IST:GARFA' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.24 Med: 12.39 Max: 20.15
Current: 4.83

During the past 13 years, the highest Debt-to-Equity Ratio of Garanti Faktoring AS was 20.15. The lowest was 4.24. And the median was 12.39.

IST:GARFA's Debt-to-Equity is ranked worse than
87.27% of 432 companies
in the Credit Services industry
Industry Median: 1.13 vs IST:GARFA: 4.83

Garanti Faktoring AS Debt-to-Equity Historical Data

The historical data trend for Garanti Faktoring 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.

Garanti Faktoring AS Debt-to-Equity Chart

Garanti Faktoring AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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12.26

12.52

11.42

12.72

5.67

Garanti Faktoring AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															11.91	9.96	6.59	5.67	4.83

Competitive Comparison of Garanti Faktoring AS's Debt-to-Equity

For the Credit Services subindustry, Garanti Faktoring 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.

Garanti Faktoring AS's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Garanti Faktoring AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Garanti Faktoring AS's Debt-to-Equity falls into.

Garanti Faktoring AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garanti Faktoring 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
	=	(0	+	9832.396)	/	1734.082
	=	5.67

Garanti Faktoring AS's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0	+	9729.946)	/	2013.075
	=	4.83

Garanti Faktoring AS (IST:GARFA) 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.

Garanti Faktoring AS Debt-to-Equity Related Terms

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

Garanti Faktoring AS (IST:GARFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Garanti Faktoring AS (IST:GARFA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maslak Mahalles Eski Buyukdere Caddesi No. 23, Sariyer, Istanbul, TUR, 34398

Website

http://www.garantifactoring.com

Garanti Faktoring AS is a Turkish company which offers factoring services where time receivables of companies arising out of their domestic and overseas service sales are taken over by Garanti to offer one or more of financing, guarantee and collection services. The company focuses on trade financing and receivable-based financing and provides financing, guarantee and collection products. It offers financing service to customers whose goods/services sales are realized on the account and as check account sales and delivers regular cash flow. The company also affords supplier financing to supplier companies the benefit of payment of their receivables without waiting for maturity, and to buyer companies the benefit of payment due date extension.

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