Arsan Holding AS (IST:ARSAN) Debt-to-Equity: 0.03 (As of Mar. 2026) — 79% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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IST:ARSAN Arsan Holding AS IST:ARSAN
52 GF Score
Price ₺3.32
GF Value ₺2.87
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Arsan Holding AS Debt-to-Equity?

Arsan Holding AS IST:ARSAN +0.61% 52 Debt-to-Equity is 0.03 as of Mar. 2026, which is 79% below its 10-year median of 0.14. GuruFocus rates IST:ARSAN with a GF Score™ of 52/100 and a GF Value™ of ₺2.87 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,612 Construction companies, Arsan Holding AS ranks better than 92.49% on this metric.

Arsan Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺343.2 Mil. Arsan Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺9.8 Mil. Arsan Holding AS's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₺12,175.3 Mil. Arsan Holding AS's debt to equity for the quarter that ended in Mar. 2026 was 0.03.

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

IST:ARSAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.14   Max: 0.59
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Arsan Holding AS was 0.59. The lowest was 0.00. And the median was 0.14.

IST:ARSAN's Debt-to-Equity is ranked better than
92.49% of 1612 companies
in the Construction industry
Industry Median: 0.41 vs IST:ARSAN: 0.03

Arsan Holding AS  (IST:ARSAN) 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.


Arsan Holding AS Debt-to-Equity Related Terms


Arsan Holding AS Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Arsan 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.

Arsan Holding AS Debt-to-Equity Chart

Arsan Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.04 0.01 0.00

Arsan Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.00 0.00 0.03

IST:ARSAN vs PWR, FIX, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Arsan 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.


Arsan Holding AS Debt-to-Equity vs Construction Industry

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

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


IST:ARSAN
52GF Score
Arsan Holding AS IST:ARSAN
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Arsan Holding AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arsan Holding AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Arsan Holding AS's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.03 mean?
Arsan Holding AS (IST:ARSAN) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Arsan Holding AS and its competitors. This is 79% below median its historical median of 0.14. According to the industry distribution chart, Arsan Holding AS ranks #121 out of 1612 companies in the Construction industry, placing it in the top 7.5%.
Is Arsan Holding AS's Debt-to-Equity too high?
Arsan Holding AS's current Debt-to-Equity of 0.03 is 79% below median its 10-year median of 0.14. The Construction industry median Debt-to-Equity is 0.41. Arsan Holding AS's value of 0.03 is 92.7% below this industry median. Based on the distribution chart, Arsan Holding AS ranks #121 out of 1612 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Arsan Holding AS has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arsan Holding AS's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Arsan Holding AS ranks #121 out of 1612 companies for Debt-to-Equity. This places Arsan Holding AS in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.41. Arsan Holding AS's value of 0.03 is 92.7% below this benchmark. While the company's 10-year median is 0.14 vs. the industry median of 0.41, Arsan Holding AS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arsan Holding AS's current Debt-to-Equity of 0.03 is 92.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Arsan Holding AS and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arsan Holding AS's current Debt-to-Equity is 0.03, which is 79% below median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arsan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arsan Holding AS (IST:ARSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺2.87, compared to a current price of ₺3.32 — trading 15.7% above its estimated fair value. The current Debt-to-Equity is 0.03, which is 79% below median its 10-year median of 0.14 and 92.7% below the Construction industry median of 0.41. Arsan Holding AS's overall GF Score™ is 52/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Arsan Holding AS (IST:ARSAN), the current Debt-to-Equity is 0.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Arsan Holding AS (IST:ARSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Arsan Holding AS stock appears to be overvalued. The current stock price of ₺3.32 is trading 15.7% above its estimated GF Value™ of ₺2.87. GuruFocus considers Arsan Holding AS to be Modestly Overvalued.

Key valuation signals for IST:ARSAN:

  • Debt-to-Equity: 0.03 (79% below median its 10-year median of 0.14)
  • GF Value™: ₺2.87 vs. price of ₺3.32 (15.7% above fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 92.7% below the Construction median (#121 of 1612)

No single metric tells the full story. See the IST:ARSAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arsan Holding AS Business Description

Address Ataturk Street, No: 69/300, Sahrayicedit Neighborhood, Kadikoy, Istanbul, TUR
Arsan Holding AS is a Turkey-based company involved in the Investment of infrastructure construction (water systems, dams, treatment plants), iron-steel production, energy generation (hydropower), natural gas distribution, and other industrial investments.
52GF Score

Get the complete analysis for IST:ARSAN

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺3.32
Price
₺2.87
GF Value