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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Debt-to-Equity : 0.40 (As of Dec. 2022)


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What is MNG Havayollari ve Tasimacilik AS Debt-to-Equity?

MNG Havayollari ve Tasimacilik AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $28.06 Mil. MNG Havayollari ve Tasimacilik AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $54.49 Mil. MNG Havayollari ve Tasimacilik AS's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $209.23 Mil. MNG Havayollari ve Tasimacilik AS's debt to equity for the quarter that ended in Dec. 2022 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 MNG Havayollari ve Tasimacilik AS's Debt-to-Equity or its related term are showing as below:

MNGA's Debt-to-Equity is not ranked *
in the Transportation industry.
Industry Median: 0.55
* Ranked among companies with meaningful Debt-to-Equity only.

MNG Havayollari ve Tasimacilik AS Debt-to-Equity Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik AS Debt-to-Equity Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
0.46 0.63 0.40

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Sep21 Dec21 Sep22 Dec22
Debt-to-Equity 0.46 N/A 0.63 0.47 0.40

Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Debt-to-Equity falls into.


MNG Havayollari ve Tasimacilik AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MNG Havayollari ve Tasimacilik AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(28.055 + 54.487) / 209.231
=0.39

MNG Havayollari ve Tasimacilik AS's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
=(28.055 + 54.487) / 209.231
=0.39

* 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.

MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Debt-to-Equity Related Terms

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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
Website
https://www.mngairlines.com
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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