Petkim Petrokimya Holding AS (IST:PETKM) Debt-to-Equity : 0.60 (As of Dec. 2023)

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What is Petkim Petrokimya Holding AS Debt-to-Equity?

Petkim Petrokimya Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺16,866 Mil. Petkim Petrokimya Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺13,627 Mil. Petkim Petrokimya Holding AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺51,138 Mil. Petkim Petrokimya Holding AS's debt to equity for the quarter that ended in Dec. 2023 was 0.60.

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 Petkim Petrokimya Holding AS's Debt-to-Equity or its related term are showing as below:

IST:PETKM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.86 Max: 1.51
Current: 0.6

During the past 13 years, the highest Debt-to-Equity Ratio of Petkim Petrokimya Holding AS was 1.51. The lowest was 0.34. And the median was 0.86.

IST:PETKM's Debt-to-Equity is ranked worse than
67.81% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs IST:PETKM: 0.60

Petkim Petrokimya Holding AS Debt-to-Equity Historical Data

The historical data trend for Petkim Petrokimya 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.

Petkim Petrokimya Holding AS Debt-to-Equity Chart

Petkim Petrokimya Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.34

0.95

1.51

0.60

Petkim Petrokimya 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															1.51	1.17	1.60	1.38	0.60

Competitive Comparison of Petkim Petrokimya Holding AS's Debt-to-Equity

For the Chemicals subindustry, Petkim Petrokimya 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.

Petkim Petrokimya Holding AS's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Petkim Petrokimya Holding AS's Debt-to-Equity distribution charts can be found below:

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

Petkim Petrokimya Holding AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petkim Petrokimya 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
	=	(16865.913	+	13626.689)	/	51137.955
	=	0.60

Petkim Petrokimya 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
	=	(16865.913	+	13626.689)	/	51137.955
	=	0.60

Petkim Petrokimya Holding AS (IST:PETKM) 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.

Petkim Petrokimya Holding AS Debt-to-Equity Related Terms

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Petkim Petrokimya Holding AS (IST:PETKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petkim Petrokimya Holding AS (IST:PETKM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aliaga, P.O. Box 12, Izmir, TUR, 35800

Website

http://www.petkim.com.tr

Petkim Petrokimya Holding AS is a holding company, which through its subsidiaries, manufactures and sells a variety of petrochemicals, specialty chemicals, plastics, and chemical-based products. The firm's product portfolio includes polyvinyl chloride, or PVC, used in construction, polypropylene, polyethylene, glycols, and ethylene. The company's products are used in soaps, detergents, textiles, food and beverage packaging, retail goods packaging, water treatment, and airplane and railway de-icing. The vast majority of revenue comes from Turkey.

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