Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Debt-to-Equity : 3.06 (As of Dec. 2023)

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What is Turkiye Vakiflar Bankasi TAO Debt-to-Equity?

Turkiye Vakiflar Bankasi TAO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0 Mil. Turkiye Vakiflar Bankasi TAO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺536,105 Mil. Turkiye Vakiflar Bankasi TAO's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺175,268 Mil. Turkiye Vakiflar Bankasi TAO's debt to equity for the quarter that ended in Dec. 2023 was 3.06.

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 Turkiye Vakiflar Bankasi TAO's Debt-to-Equity or its related term are showing as below:

IST:VAKBN' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.02 Med: 2.7 Max: 3.6
Current: 3.06

During the past 13 years, the highest Debt-to-Equity Ratio of Turkiye Vakiflar Bankasi TAO was 3.60. The lowest was 2.02. And the median was 2.70.

IST:VAKBN's Debt-to-Equity is ranked worse than
92.46% of 1392 companies
in the Banks industry
Industry Median: 0.665 vs IST:VAKBN: 3.06

Turkiye Vakiflar Bankasi TAO Debt-to-Equity Historical Data

The historical data trend for Turkiye Vakiflar Bankasi TAO'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.

Turkiye Vakiflar Bankasi TAO Debt-to-Equity Chart

Turkiye Vakiflar Bankasi TAO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.89

2.55

3.60

2.25

3.06

Turkiye Vakiflar Bankasi TAO 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															2.25	2.30	2.15	2.33	3.06

Competitive Comparison of Turkiye Vakiflar Bankasi TAO's Debt-to-Equity

For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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.

Turkiye Vakiflar Bankasi TAO's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Turkiye Vakiflar Bankasi TAO's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turkiye Vakiflar Bankasi TAO's Debt-to-Equity falls into.

Turkiye Vakiflar Bankasi TAO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turkiye Vakiflar Bankasi TAO'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	+	536104.584)	/	175268.101
	=	3.06

Turkiye Vakiflar Bankasi TAO'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	+	536104.584)	/	175268.101
	=	3.06

Turkiye Vakiflar Bankasi TAO (IST:VAKBN) 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.

Turkiye Vakiflar Bankasi TAO Debt-to-Equity Related Terms

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

Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Turkiye Vakiflar Bankasi TAO (IST:VAKBN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saray Mahallesi Dr. Adnan Buyukdeniz Caddesi No: 7/A-B, Genel Mudurlugu, Umraniye, Istanbul, TUR, 34768

Website

https://www.vakifbank.com.tr

Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, as well as financial leasing and factoring, among other activities. Most of the bank's earning assets are commercial loans, but it also has a significant retail loan book and securities portfolio. The bank operates and has its credit exposed overwhelmingly in the Turkish market.

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