ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Debt-to-Equity?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺1,126 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺1,190 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺20,438 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt-to-Equity or its related term are showing as below:

IST:ZRGYO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.3
Current: 0.11

During the past 5 years, the highest Debt-to-Equity Ratio of ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS was 0.30. The lowest was 0.00. And the median was 0.06.

IST:ZRGYO's Debt-to-Equity is ranked better than
94.79% of 672 companies
in the REITs industry
Industry Median: 0.785 vs IST:ZRGYO: 0.11

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Debt-to-Equity Historical Data

The historical data trend for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Debt-to-Equity Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.13

0.30

0.04

0.06

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											0.06	0.06	0.11	0.11	0.11

Competitive Comparison of ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt-to-Equity

For the REIT - Diversified subindustry, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt-to-Equity falls into.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(292.377	+	813.102)	/	19399.779
	=	0.06

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1126.287	+	1189.89)	/	20437.652
	=	0.11

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Debt-to-Equity Related Terms

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ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734

Website

https://www.ziraatgyo.com.tr

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.

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