Turk Hava Yollari AO (IST:THYAO) Debt-to-Equity : 0.92 (As of Dec. 2023)

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What is Turk Hava Yollari AO Debt-to-Equity?

Turk Hava Yollari AO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺109,810 Mil. Turk Hava Yollari AO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺310,362 Mil. Turk Hava Yollari AO's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺457,257 Mil. Turk Hava Yollari AO's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

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 Turk Hava Yollari AO's Debt-to-Equity or its related term are showing as below:

IST:THYAO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.74 Max: 3.11
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Turk Hava Yollari AO was 3.11. The lowest was 0.92. And the median was 1.74.

IST:THYAO's Debt-to-Equity is ranked worse than
66.29% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs IST:THYAO: 0.92

Turk Hava Yollari AO Debt-to-Equity Historical Data

The historical data trend for Turk Hava Yollari AO'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.

Turk Hava Yollari AO Debt-to-Equity Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.95

3.11

2.20

1.45

0.92

Turk Hava Yollari AO 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															1.45	1.43	1.34	1.09	0.92

Competitive Comparison of Turk Hava Yollari AO's Debt-to-Equity

For the Airlines subindustry, Turk Hava Yollari AO'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.

Turk Hava Yollari AO's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Debt-to-Equity falls into.

Turk Hava Yollari AO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turk Hava Yollari AO'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
	=	(109810	+	310362)	/	457257
	=	0.92

Turk Hava Yollari AO'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
	=	(109810	+	310362)	/	457257
	=	0.92

Turk Hava Yollari AO (IST:THYAO) 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.

Turk Hava Yollari AO Debt-to-Equity Related Terms

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Turk Hava Yollari AO (IST:THYAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (IST:THYAO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TKHVY:USA TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

Turk Hava Yollari AO (IST:THYAO) Headlines

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