Borlease Otomotiv AS (IST:BORLS) Debt-to-Equity : 2.42 (As of Sep. 2023)

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What is Borlease Otomotiv AS Debt-to-Equity?

Borlease Otomotiv AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺1,557 Mil. Borlease Otomotiv AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺563 Mil. Borlease Otomotiv AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺876 Mil. Borlease Otomotiv AS's debt to equity for the quarter that ended in Sep. 2023 was 2.42.

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

IST:BORLS' s Debt-to-Equity Range Over the Past 10 Years
Min: -24.65 Med: 2.42 Max: 129.1
Current: 2.42

During the past 3 years, the highest Debt-to-Equity Ratio of Borlease Otomotiv AS was 129.10. The lowest was -24.65. And the median was 2.42.

IST:BORLS's Debt-to-Equity is ranked worse than
89.44% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs IST:BORLS: 2.42

Borlease Otomotiv AS Debt-to-Equity Historical Data

The historical data trend for Borlease Otomotiv 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.

Borlease Otomotiv AS Debt-to-Equity Chart

Borlease Otomotiv AS Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-24.65

129.10

2.67

Borlease Otomotiv AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	N/A	2.67	2.27	2.42

Competitive Comparison of Borlease Otomotiv AS's Debt-to-Equity

For the Rental & Leasing Services subindustry, Borlease Otomotiv 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.

Borlease Otomotiv AS's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Borlease Otomotiv AS's Debt-to-Equity distribution charts can be found below:

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

Borlease Otomotiv AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Borlease Otomotiv 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
	=	(882.246	+	485.879)	/	511.595
	=	2.67

Borlease Otomotiv 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
	=	(1556.778	+	563.024)	/	875.846
	=	2.42

Borlease Otomotiv AS (IST:BORLS) 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.

Borlease Otomotiv AS Debt-to-Equity Related Terms

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Borlease Otomotiv AS (IST:BORLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR

Website

https://www.borlease.com.tr

Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

Borlease Otomotiv AS (IST:BORLS) Headlines

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