Akin Tekstil AS (IST:ATEKS) Debt-to-Equity : 0.13 (As of Sep. 2024)

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What is Akin Tekstil AS Debt-to-Equity?

Akin Tekstil AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺248 Mil. Akin Tekstil AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺135 Mil. Akin Tekstil AS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₺3,029 Mil. Akin Tekstil AS's debt to equity for the quarter that ended in Sep. 2024 was 0.13.

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

IST:ATEKS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.46
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Akin Tekstil AS was 0.46. The lowest was 0.00. And the median was 0.13.

IST:ATEKS's Debt-to-Equity is ranked better than
77.27% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs IST:ATEKS: 0.13

Akin Tekstil AS Debt-to-Equity Historical Data

The historical data trend for Akin Tekstil 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.

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Akin Tekstil AS Debt-to-Equity Chart

Akin Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.21

0.13

0.25

0.21

Akin Tekstil AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.21	0.18	0.16	0.13

Competitive Comparison of Akin Tekstil AS's Debt-to-Equity

For the Textile Manufacturing subindustry, Akin Tekstil 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.

Akin Tekstil AS's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Akin Tekstil AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akin Tekstil 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
	=	(445.828	+	40.635)	/	2359.141
	=	0.21

Akin Tekstil 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
	=	(248.101	+	134.541)	/	3028.571
	=	0.13

Akin Tekstil AS (IST:ATEKS) 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.

Akin Tekstil AS Debt-to-Equity Related Terms

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Akin Tekstil AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Akin Tekstil AS (IST:ATEKS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Bakirkoy osmaniye mah, Number 5/1-2-3-4, Cirpici kosuyolu sok, Istanbul, TUR, 34144

Website

http://www.akintekstil.com.tr

Akin Tekstil AS is a Turkey-based company involved in the textile manufacturing business. The fabrics produced by the company include Yarn Dyed Gofre, Yarn Dyed Double, Yarn Dyed Barre, Yarn Dyed - Brushed and Twisted Yarn Piece Dyed among others.

Akin Tekstil AS Headlines

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