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Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS (IST:TUCLK) Equity-to-Asset : 0.44 (As of Dec. 2023)


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What is Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺1,503 Mil. Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Total Assets for the quarter that ended in Dec. 2023 was ₺3,389 Mil. Therefore, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.44.

The historical rank and industry rank for Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset or its related term are showing as below:

IST:TUCLK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26   Med: 0.38   Max: 0.48
Current: 0.44

During the past 11 years, the highest Equity to Asset Ratio of Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS was 0.48. The lowest was 0.26. And the median was 0.38.

IST:TUCLK's Equity-to-Asset is ranked worse than
69.92% of 3035 companies
in the Industrial Products industry
Industry Median: 0.56 vs IST:TUCLK: 0.44

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Equity-to-Asset Historical Data

The historical data trend for Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset 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.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Equity-to-Asset Chart

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.32 0.37 0.42 0.44

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.32 0.25 0.24 0.44

Competitive Comparison of Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset

For the Metal Fabrication subindustry, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset falls into.



Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=1503.215/3388.614
=0.44

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=1503.215/3388.614
=0.44

* 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.


Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS  (IST:TUCLK) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS (IST:TUCLK) Business Description

Traded in Other Exchanges
N/A
Address
Emek Mh. Nato Yolu No:282, Sancaktepe, Istanbul, TUR
Tugcelik Aluminyum ve Metal Mamulleri Sanayi ve Ticaret A.S. is engaged in the manufacturing of aluminium and zamak die casting parts. It offers the products to automotive, home appliances, telecommunication, farm implements, and mechanical industries.

Tugcelik Aluminyum ve Metal Mamullerinayi ve Ticaret AS (IST:TUCLK) Headlines

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