Altinkilic Gida ve Sutnayi Ticaret AS (IST:ALKLC) Debt-to-Equity : 0.36 (As of Sep. 2024)

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What is Altinkilic Gida ve Sutnayi Ticaret AS Debt-to-Equity?

Altinkilic Gida ve Sutnayi Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺588 Mil. Altinkilic Gida ve Sutnayi Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺9 Mil. Altinkilic Gida ve Sutnayi Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₺1,647 Mil. Altinkilic Gida ve Sutnayi Ticaret AS's debt to equity for the quarter that ended in Sep. 2024 was 0.36.

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 Altinkilic Gida ve Sutnayi Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:ALKLC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.6 Max: 0.78
Current: 0.78

During the past 3 years, the highest Debt-to-Equity Ratio of Altinkilic Gida ve Sutnayi Ticaret AS was 0.78. The lowest was 0.38. And the median was 0.60.

IST:ALKLC's Debt-to-Equity is ranked worse than
70.91% of 1657 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs IST:ALKLC: 0.78

Altinkilic Gida ve Sutnayi Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Altinkilic Gida ve Sutnayi Ticaret 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.

Altinkilic Gida ve Sutnayi Ticaret AS Debt-to-Equity Chart

Altinkilic Gida ve Sutnayi Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.60

0.38

0.78

Altinkilic Gida ve Sutnayi Ticaret AS Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	N/A	0.78	0.35	0.36

Competitive Comparison of Altinkilic Gida ve Sutnayi Ticaret AS's Debt-to-Equity

For the Packaged Foods subindustry, Altinkilic Gida ve Sutnayi Ticaret 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.

Altinkilic Gida ve Sutnayi Ticaret AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Altinkilic Gida ve Sutnayi Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Altinkilic Gida ve Sutnayi Ticaret AS's Debt-to-Equity falls into.

Altinkilic Gida ve Sutnayi Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altinkilic Gida ve Sutnayi Ticaret 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
	=	(499.885	+	19.183)	/	662.133
	=	0.78

Altinkilic Gida ve Sutnayi Ticaret AS's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(587.592	+	9.289)	/	1647.015
	=	0.36

Altinkilic Gida ve Sutnayi Ticaret AS (IST:ALKLC) 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.

Altinkilic Gida ve Sutnayi Ticaret AS Debt-to-Equity Related Terms

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Altinkilic Gida ve Sutnayi Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Altinkilic Gida ve Sut Sanayi Ticaret AS (IST:ALKLC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Customs Pier Street 12th Street No:77, Kocatepe district Mega Center A Block, Bayrampasa, Istanbul, TUR

Website

https://www.altinkilic.com

Altinkilic Gida ve Sut Sanayi Ticaret AS is a Company that operates in the fields of manufacturing, packaging, purchasing, selling, wholesale and retail marketing, import and export of all kinds of milk and dairy products. Its main activity is cig milk Jemini which processes the supplied milk into products. The company is active in the milk and dairy products sector and sells and markets products such as kefir, kefir yogurt, cheese group, cheesecolata, and cream.

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