Akbank TAS (IST:AKBNK) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Akbank TAS Debt-to-Equity?

Akbank TAS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0 Mil. Akbank TAS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺180,191 Mil. Akbank TAS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺211,219 Mil. Akbank TAS's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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 Akbank TAS's Debt-to-Equity or its related term are showing as below:

IST:AKBNK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.25 Max: 1.44
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Akbank TAS was 1.44. The lowest was 0.77. And the median was 1.25.

IST:AKBNK's Debt-to-Equity is ranked worse than
58.19% of 1392 companies
in the Banks industry
Industry Median: 0.67 vs IST:AKBNK: 0.85

Akbank TAS Debt-to-Equity Historical Data

The historical data trend for Akbank TAS'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.

Akbank TAS Debt-to-Equity Chart

Akbank TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

1.06

1.44

0.77

0.85

Akbank TAS 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															0.77	0.79	0.84	0.84	0.85

Competitive Comparison of Akbank TAS's Debt-to-Equity

For the Banks - Regional subindustry, Akbank TAS'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.

Akbank TAS's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Akbank TAS's Debt-to-Equity distribution charts can be found below:

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

Akbank TAS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akbank TAS'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	+	180191.442)	/	211218.707
	=	0.85

Akbank TAS'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
	=	(0	+	180191.442)	/	211218.707
	=	0.85

Akbank TAS (IST:AKBNK) 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.

Akbank TAS Debt-to-Equity Related Terms

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

Akbank TAS (IST:AKBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akbank TAS (IST:AKBNK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AKBTY:USA AKB2:Germany

Address

Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330

Website

https://www.akbank.com

Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.

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