Akfen Yenilenebilir Enerji (IST:AKFYE) Debt-to-Equity : 0.48 (As of Dec. 2023)

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What is Akfen Yenilenebilir Enerji Debt-to-Equity?

Akfen Yenilenebilir Enerji's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺2,402 Mil. Akfen Yenilenebilir Enerji's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺7,439 Mil. Akfen Yenilenebilir Enerji's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺20,377 Mil. Akfen Yenilenebilir Enerji's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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 Akfen Yenilenebilir Enerji's Debt-to-Equity or its related term are showing as below:

IST:AKFYE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.15 Max: 8.87
Current: 0.48

During the past 5 years, the highest Debt-to-Equity Ratio of Akfen Yenilenebilir Enerji was 8.87. The lowest was 0.48. And the median was 1.15.

IST:AKFYE's Debt-to-Equity is ranked better than
67.09% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs IST:AKFYE: 0.48

Akfen Yenilenebilir Enerji Debt-to-Equity Historical Data

The historical data trend for Akfen Yenilenebilir Enerji'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.

Akfen Yenilenebilir Enerji Debt-to-Equity Chart

Akfen Yenilenebilir Enerji Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

8.87

1.47

1.15

0.83

0.48

Akfen Yenilenebilir Enerji Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.83	1.13	1.87	2.22	0.48

Competitive Comparison of Akfen Yenilenebilir Enerji's Debt-to-Equity

For the Utilities - Renewable subindustry, Akfen Yenilenebilir Enerji'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.

Akfen Yenilenebilir Enerji's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Akfen Yenilenebilir Enerji's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Akfen Yenilenebilir Enerji's Debt-to-Equity falls into.

Akfen Yenilenebilir Enerji Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akfen Yenilenebilir Enerji'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
	=	(2401.616	+	7439.14)	/	20376.579
	=	0.48

Akfen Yenilenebilir Enerji'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
	=	(2401.616	+	7439.14)	/	20376.579
	=	0.48

Akfen Yenilenebilir Enerji (IST:AKFYE) 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.

Akfen Yenilenebilir Enerji Debt-to-Equity Related Terms

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Akfen Yenilenebilir Enerji (IST:AKFYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Akfen Yenilenebilir Enerji (IST:AKFYE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Turan Gunes Bulvar? Galip Erdem Caddesi, No:3, Ilkbahar Mahallesi, Cankaya, Ankara, TUR

Website

https://www.akfenren.com.tr

Akfen Yenilenebilir Enerji operates as a renewable energy company. The company generates and trades electricity through renewable energy power plants such as hydroelectric power plant facilities, Solar Power Plants, and Wind Power Plants.

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