Tukas Turgutlu Konservecilik AS (IST:TUKAS) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Tukas Turgutlu Konservecilik AS Debt-to-Equity?

Tukas Turgutlu Konservecilik AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺1,017 Mil. Tukas Turgutlu Konservecilik AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺181 Mil. Tukas Turgutlu Konservecilik AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺7,440 Mil. Tukas Turgutlu Konservecilik AS's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Tukas Turgutlu Konservecilik AS's Debt-to-Equity or its related term are showing as below:

IST:TUKAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.94 Max: 1.93
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Tukas Turgutlu Konservecilik AS was 1.93. The lowest was 0.16. And the median was 0.94.

IST:TUKAS's Debt-to-Equity is ranked better than
72.07% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs IST:TUKAS: 0.16

Tukas Turgutlu Konservecilik AS Debt-to-Equity Historical Data

The historical data trend for Tukas Turgutlu Konservecilik 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.

Tukas Turgutlu Konservecilik AS Debt-to-Equity Chart

Tukas Turgutlu Konservecilik AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.44

0.94

0.74

0.42

0.16

Tukas Turgutlu Konservecilik AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.68	0.43	0.28	0.16

Competitive Comparison of Tukas Turgutlu Konservecilik AS's Debt-to-Equity

For the Packaged Foods subindustry, Tukas Turgutlu Konservecilik 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.

Tukas Turgutlu Konservecilik AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tukas Turgutlu Konservecilik AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tukas Turgutlu Konservecilik AS's Debt-to-Equity falls into.

Tukas Turgutlu Konservecilik AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tukas Turgutlu Konservecilik 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
	=	(1016.702	+	180.849)	/	7440.313
	=	0.16

Tukas Turgutlu Konservecilik 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
	=	(1016.702	+	180.849)	/	7440.313
	=	0.16

Tukas Turgutlu Konservecilik AS (IST:TUKAS) 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.

Tukas Turgutlu Konservecilik AS Debt-to-Equity Related Terms

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Tukas Turgutlu Konservecilik AS (IST:TUKAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tukas Turgutlu Konservecilik AS (IST:TUKAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Çayba?? Mah. ?zmir Cad. No:51, Torbal?, Izmir, TUR, 35880

Website

http://www.tukas.com.tr

Tukas Turgutlu Konservecilik AS is a Turkey-based company operates the food business. It is primarily involved in the production and distribution of vegetable and fruit products in Turkey. Its products include tomato and pepper paste; canned products, pickled vegetables, honey; sauces, frozen vegetables, and fruits. Geographically, the activities are operated through the region of Turkey; however, its products are made available in both domestic and other international markets.

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