Banvit Bandirma Vitaminli Yemnayii AS (IST:BANVT) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Banvit Bandirma Vitaminli Yemnayii AS Debt-to-Equity?

Banvit Bandirma Vitaminli Yemnayii AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺1,064 Mil. Banvit Bandirma Vitaminli Yemnayii AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺233 Mil. Banvit Bandirma Vitaminli Yemnayii AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺5,704 Mil. Banvit Bandirma Vitaminli Yemnayii AS's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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 Banvit Bandirma Vitaminli Yemnayii AS's Debt-to-Equity or its related term are showing as below:

IST:BANVT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.84 Max: 9.59
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Banvit Bandirma Vitaminli Yemnayii AS was 9.59. The lowest was 0.23. And the median was 0.84.

IST:BANVT's Debt-to-Equity is ranked better than
65.29% of 1651 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs IST:BANVT: 0.23

Banvit Bandirma Vitaminli Yemnayii AS Debt-to-Equity Historical Data

The historical data trend for Banvit Bandirma Vitaminli Yemnayii 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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Banvit Bandirma Vitaminli Yemnayii AS Debt-to-Equity Chart

Banvit Bandirma Vitaminli Yemnayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.75

0.90

0.78

0.31

Banvit Bandirma Vitaminli Yemnayii AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.99	0.78	0.61	0.31	0.23

Competitive Comparison of Banvit Bandirma Vitaminli Yemnayii AS's Debt-to-Equity

For the Packaged Foods subindustry, Banvit Bandirma Vitaminli Yemnayii 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.

Banvit Bandirma Vitaminli Yemnayii AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Banvit Bandirma Vitaminli Yemnayii AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Banvit Bandirma Vitaminli Yemnayii AS's Debt-to-Equity falls into.

Banvit Bandirma Vitaminli Yemnayii AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Banvit Bandirma Vitaminli Yemnayii 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
	=	(1279.043	+	80.555)	/	4401.51
	=	0.31

Banvit Bandirma Vitaminli Yemnayii AS's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1064.157	+	233.205)	/	5703.927
	=	0.23

Banvit Bandirma Vitaminli Yemnayii AS (IST:BANVT) 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.

Banvit Bandirma Vitaminli Yemnayii AS Debt-to-Equity Related Terms

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

Banvit Bandirma Vitaminli Yemnayii AS (IST:BANVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Banvit Bandirma Vitaminli Yem Sanayii AS (IST:BANVT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 208 Bandirma, Omerli Mahallesi, Omerli Sokak, Balikesir, TUR, 10201

Website

http://www.banvit.com

Banvit Bandirma Vitaminli Yem Sanayii AS is a Turkey-based company involved in Meat Production and Live Production. The products of the company include Chicken, Turkey, Delicatessen and Ready products like Burgers, Meatballs, Kebabs, Coated and Pastries. The company's geographical segments include Turkey, Romania, and the United Arab Emirates, out of which the majority of the revenue is generated from Turkey.

Banvit Bandirma Vitaminli Yemnayii AS (IST:BANVT) Headlines

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