Parsan Makina Parcalarinayii AS (IST:PARSN) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is Parsan Makina Parcalarinayii AS Debt-to-Equity?

Parsan Makina Parcalarinayii AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺2,285 Mil. Parsan Makina Parcalarinayii AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺1,610 Mil. Parsan Makina Parcalarinayii AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺7,762 Mil. Parsan Makina Parcalarinayii AS's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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 Parsan Makina Parcalarinayii AS's Debt-to-Equity or its related term are showing as below:

IST:PARSN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 1.02 Max: 2.6
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Parsan Makina Parcalarinayii AS was 2.60. The lowest was 0.21. And the median was 1.02.

IST:PARSN's Debt-to-Equity is ranked worse than
66.62% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs IST:PARSN: 0.50

Parsan Makina Parcalarinayii AS Debt-to-Equity Historical Data

The historical data trend for Parsan Makina Parcalarinayii 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.

Parsan Makina Parcalarinayii AS Debt-to-Equity Chart

Parsan Makina Parcalarinayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.36

1.46

0.56

0.48

Parsan Makina Parcalarinayii AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.60	0.70	0.48	0.50

Competitive Comparison of Parsan Makina Parcalarinayii AS's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Parsan Makina Parcalarinayii 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.

Parsan Makina Parcalarinayii AS's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Parsan Makina Parcalarinayii AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Parsan Makina Parcalarinayii AS's Debt-to-Equity falls into.

Parsan Makina Parcalarinayii AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Parsan Makina Parcalarinayii 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
	=	(1767.682	+	1580.112)	/	6998.462
	=	0.48

Parsan Makina Parcalarinayii AS's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(2284.513	+	1609.667)	/	7761.965
	=	0.50

Parsan Makina Parcalarinayii AS (IST:PARSN) 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.

Parsan Makina Parcalarinayii AS Debt-to-Equity Related Terms

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Parsan Makina Parcalarinayii AS (IST:PARSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parsan Makina Parcalari Sanayii AS (IST:PARSN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kemiklidere Mevkii PK: 3 Guzelyali Koyu, Pendik, Istanbul, TUR, 34903

Website

http://www.parsan.com

Parsan Makina Parcalari Sanayii AS is a Turkey-based company involved in the business of forging, heat treatment, special machining and die production. It manufactures Cardan shafts, spider gears, slip shafts, other automotive products, rear axle shafts, front axle beams, and front axle assemblies, and track assemblies.

Parsan Makina Parcalarinayii AS (IST:PARSN) Headlines

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