Tekfen Holding AS (Tekfen Holding AS) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Tekfen Holding AS Debt-to-Equity?

Tekfen Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $233 Mil. Tekfen Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $83 Mil. Tekfen Holding AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $746 Mil. Tekfen Holding AS's debt to equity for the quarter that ended in Dec. 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 Tekfen Holding AS's Debt-to-Equity or its related term are showing as below:

TKFHY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.42 Max: 0.59
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Tekfen Holding AS was 0.59. The lowest was 0.15. And the median was 0.42.

TKFHY's Debt-to-Equity is ranked better than
51.61% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs TKFHY: 0.42

Tekfen Holding AS Debt-to-Equity Historical Data

The historical data trend for Tekfen Holding 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.

Tekfen Holding AS Debt-to-Equity Chart

Tekfen Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.41

0.46

0.31

0.42

Tekfen Holding 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															0.31	0.50	0.65	0.72	0.42

Competitive Comparison of Tekfen Holding AS's Debt-to-Equity

For the Engineering & Construction subindustry, Tekfen Holding 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.

Tekfen Holding AS's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tekfen Holding AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tekfen Holding AS's Debt-to-Equity falls into.

Tekfen Holding AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tekfen Holding 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
	=	(232.927	+	82.8)	/	746.02
	=	0.42

Tekfen Holding 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
	=	(232.927	+	82.8)	/	746.02
	=	0.42

Tekfen Holding AS (OTCPK:TKFHY) 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.

Tekfen Holding AS Debt-to-Equity Related Terms

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

Tekfen Holding AS (Tekfen Holding AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekfen Holding AS (OTCPK:TKFHY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TKFEN:Turkey

Address

Kultur Mahallesi, Tekfen Sitesi, Budak Sokak, A Blok, No. 7, Ulus-Besiktas, Istanbul, TUR, 34340

Website

https://www.tekfen.com.tr

Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Chemical Industry; Agricultural Production; Service and Investment. It generates maximum revenue from the Chemical Industry segment. The Chemical Industry segment is mainly focused on fertilizer production, continues its activities in the fields of mineral fertilizers as well as special water soluble fertilizers and organic/organomineral fertilizers. It also manufactures bags used in fertilizer packaging in its own facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process.

Tekfen Holding AS (Tekfen Holding AS) Headlines

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