Sanica Isinayi AS (IST:SNICA) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Sanica Isinayi AS Debt-to-Equity?

Sanica Isinayi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺244 Mil. Sanica Isinayi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺178 Mil. Sanica Isinayi AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺2,385 Mil. Sanica Isinayi AS's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

IST:SNICA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.58 Max: 1.41
Current: 0.18

During the past 5 years, the highest Debt-to-Equity Ratio of Sanica Isinayi AS was 1.41. The lowest was 0.18. And the median was 0.58.

IST:SNICA's Debt-to-Equity is ranked better than
68.95% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.32 vs IST:SNICA: 0.18

Sanica Isinayi AS Debt-to-Equity Historical Data

The historical data trend for Sanica Isinayi 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.

Sanica Isinayi AS Debt-to-Equity Chart

Sanica Isinayi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.58

0.96

1.41

0.47

0.18

Sanica Isinayi AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.47	0.62	0.51	0.43	0.18

Competitive Comparison of Sanica Isinayi AS's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Sanica Isinayi 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.

Sanica Isinayi AS's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sanica Isinayi AS's Debt-to-Equity distribution charts can be found below:

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

Sanica Isinayi AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanica Isinayi 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
	=	(244.177	+	178.212)	/	2384.667
	=	0.18

Sanica Isinayi 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
	=	(244.177	+	178.212)	/	2384.667
	=	0.18

Sanica Isinayi AS (IST:SNICA) 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.

Sanica Isinayi AS Debt-to-Equity Related Terms

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Sanica Isinayi AS (IST:SNICA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sanica Isi Sanayi AS (IST:SNICA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kavakl? Mah Istanbul Cad. No: 10, Istanbul, TUR, 34520

Website

https://www.sanicaisi.com.tr

Sanica Isi Sanayi AS engages in manufacturing fabricated metal products, machinery electrical equipment, and transportation vehicles. It is a manufacturer of acrylic bathtubs and also produces bathrooms, spas, heat, plumbing, glass, and infrastructure. It offers electric housewares, acrylic bathtubs, boilers, panel radiators, and towel warmers.

Sanica Isinayi AS (IST:SNICA) Headlines

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