Artemis Hali AS (IST:ARTMS) Debt-to-Equity : 1.12 (As of Sep. 2023)

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What is Artemis Hali AS Debt-to-Equity?

Artemis Hali AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺321.02 Mil. Artemis Hali AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺57.46 Mil. Artemis Hali AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺336.83 Mil. Artemis Hali AS's debt to equity for the quarter that ended in Sep. 2023 was 1.12.

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

IST:ARTMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1.01 Max: 1.26
Current: 1.12

During the past 3 years, the highest Debt-to-Equity Ratio of Artemis Hali AS was 1.26. The lowest was 0.52. And the median was 1.01.

IST:ARTMS's Debt-to-Equity is ranked worse than
77.85% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs IST:ARTMS: 1.12

Artemis Hali AS Debt-to-Equity Historical Data

The historical data trend for Artemis Hali 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.

Artemis Hali AS Debt-to-Equity Chart

Artemis Hali AS Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

1.26

0.90

0.52

Artemis Hali AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Debt-to-Equity	1.26	0.90	N/A	0.52	1.12

Competitive Comparison of Artemis Hali AS's Debt-to-Equity

For the Textile Manufacturing subindustry, Artemis Hali 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.

Artemis Hali AS's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Artemis Hali AS's Debt-to-Equity distribution charts can be found below:

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

Artemis Hali AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Artemis Hali 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
	=	(131.706	+	10.169)	/	272.077
	=	0.52

Artemis Hali AS's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(321.018	+	57.456)	/	336.831
	=	1.12

Artemis Hali AS (IST:ARTMS) 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.

Artemis Hali AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Artemis Hali AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Artemis Hali AS (IST:ARTMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Artemis Hali AS (IST:ARTMS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balmumcu District Itri Street No:8/1, Turkey, TUR

Website

https://www.artemishali.com.tr

Artemis Hali AS is a company whose business activity is manufacturing, importing, exporting, buying-selling and marketing all kinds of handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets and textile products.

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