Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Izmir Fircanayi ve Ticaret AS Debt-to-Equity?

Izmir Fircanayi ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺42.7 Mil. Izmir Fircanayi ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺8.2 Mil. Izmir Fircanayi ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺130.9 Mil. Izmir Fircanayi ve Ticaret AS's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Izmir Fircanayi ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:IZFAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.61 Max: 1.45
Current: 0.39

During the past 9 years, the highest Debt-to-Equity Ratio of Izmir Fircanayi ve Ticaret AS was 1.45. The lowest was 0.12. And the median was 0.61.

IST:IZFAS's Debt-to-Equity is ranked better than
51.86% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs IST:IZFAS: 0.39

Izmir Fircanayi ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Izmir Fircanayi 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.

Izmir Fircanayi ve Ticaret AS Debt-to-Equity Chart

Izmir Fircanayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.05

1.24

1.45

0.20

0.39

Izmir Fircanayi ve Ticaret AS Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.40	0.54	0.63	0.39

Competitive Comparison of Izmir Fircanayi ve Ticaret AS's Debt-to-Equity

For the Household & Personal Products subindustry, Izmir Fircanayi 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.

Izmir Fircanayi ve Ticaret AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Izmir Fircanayi ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Izmir Fircanayi ve Ticaret AS's Debt-to-Equity falls into.

Izmir Fircanayi ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Izmir Fircanayi ve Ticaret AS'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
	=	(42.743	+	8.155)	/	130.94
	=	0.39

Izmir Fircanayi ve Ticaret AS'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
	=	(42.743	+	8.155)	/	130.94
	=	0.39

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) 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.

Izmir Fircanayi ve Ticaret AS Debt-to-Equity Related Terms

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

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Izmir Firca Sanayi ve Ticaret AS (IST:IZFAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620

Website

http://www.izmirfirca.com.tr

Izmir Firca Sanayi ve Ticaret A.S. provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Headlines

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