Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Debt-to-Equity : 0.42 (As of Sep. 2023)

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What is Cimsa Cimentonayi Ve Ticaret AS Debt-to-Equity?

Cimsa Cimentonayi Ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺2,291 Mil. Cimsa Cimentonayi Ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺1,212 Mil. Cimsa Cimentonayi Ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺8,311 Mil. Cimsa Cimentonayi Ve Ticaret AS's debt to equity for the quarter that ended in Sep. 2023 was 0.42.

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 Cimsa Cimentonayi Ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:CIMSA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.68 Max: 1.68
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Cimsa Cimentonayi Ve Ticaret AS was 1.68. The lowest was 0.10. And the median was 0.68.

IST:CIMSA's Debt-to-Equity is ranked worse than
53.82% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs IST:CIMSA: 0.42

Cimsa Cimentonayi Ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Cimsa Cimentonayi Ve Ticaret 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.

Cimsa Cimentonayi Ve Ticaret AS Debt-to-Equity Chart

Cimsa Cimentonayi Ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.12

1.23

0.99

0.55

0.50

Cimsa Cimentonayi Ve Ticaret AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.39	0.50	0.63	0.53	0.42

Competitive Comparison of Cimsa Cimentonayi Ve Ticaret AS's Debt-to-Equity

For the Building Materials subindustry, Cimsa Cimentonayi Ve Ticaret 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.

Cimsa Cimentonayi Ve Ticaret AS's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimsa Cimentonayi Ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cimsa Cimentonayi Ve Ticaret AS's Debt-to-Equity falls into.

Cimsa Cimentonayi Ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cimsa Cimentonayi Ve Ticaret 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
	=	(2795.86	+	51.909)	/	5715.01
	=	0.50

Cimsa Cimentonayi Ve Ticaret 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
	=	(2290.503	+	1211.574)	/	8310.583
	=	0.42

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) 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.

Cimsa Cimentonayi Ve Ticaret AS Debt-to-Equity Related Terms

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

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimsa Cimento Sanayi Ve Ticaret AS (IST:CIMSA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayisdagi Cad. No: 1 Kat: 23-24, Allianz Tower Kucukbakkalkoy Mah., Istanbul, TUR, 34750

Website

https://www.cimsa.com.tr

Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe.

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Headlines

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