Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Eregli Demir Ve Celik Fabrikalari TAS Debt-to-Equity?

Eregli Demir Ve Celik Fabrikalari TAS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺56,761 Mil. Eregli Demir Ve Celik Fabrikalari TAS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺10,980 Mil. Eregli Demir Ve Celik Fabrikalari TAS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺186,191 Mil. Eregli Demir Ve Celik Fabrikalari TAS's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Eregli Demir Ve Celik Fabrikalari TAS's Debt-to-Equity or its related term are showing as below:

IST:EREGL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.25 Max: 0.36
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Eregli Demir Ve Celik Fabrikalari TAS was 0.36. The lowest was 0.17. And the median was 0.25.

IST:EREGL's Debt-to-Equity is ranked better than
56.09% of 558 companies
in the Steel industry
Industry Median: 0.42 vs IST:EREGL: 0.36

Eregli Demir Ve Celik Fabrikalari TAS Debt-to-Equity Historical Data

The historical data trend for Eregli Demir Ve Celik Fabrikalari 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.

Eregli Demir Ve Celik Fabrikalari TAS Debt-to-Equity Chart

Eregli Demir Ve Celik Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.17

0.20

0.26

0.36

Eregli Demir Ve Celik Fabrikalari 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															0.26	0.31	0.32	0.37	0.36

Competitive Comparison of Eregli Demir Ve Celik Fabrikalari TAS's Debt-to-Equity

For the Steel subindustry, Eregli Demir Ve Celik Fabrikalari 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.

Eregli Demir Ve Celik Fabrikalari TAS's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Eregli Demir Ve Celik Fabrikalari TAS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eregli Demir Ve Celik Fabrikalari TAS's Debt-to-Equity falls into.

Eregli Demir Ve Celik Fabrikalari TAS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eregli Demir Ve Celik Fabrikalari 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
	=	(56761.083	+	10979.619)	/	186191.49
	=	0.36

Eregli Demir Ve Celik Fabrikalari 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
	=	(56761.083	+	10979.619)	/	186191.49
	=	0.36

Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) 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.

Eregli Demir Ve Celik Fabrikalari TAS Debt-to-Equity Related Terms

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

Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ERELY:USA EDVA:Germany

Address

Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746

Website

https://www.erdemir.com.tr

Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.

Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) Headlines

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