Cates Elektrik Uretim AS (IST:CATES) Debt-to-Equity : 0.01 (As of Sep. 2024)

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What is Cates Elektrik Uretim AS Debt-to-Equity?

Cates Elektrik Uretim AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺11 Mil. Cates Elektrik Uretim AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺48 Mil. Cates Elektrik Uretim AS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₺11,153 Mil. Cates Elektrik Uretim AS's debt to equity for the quarter that ended in Sep. 2024 was 0.01.

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 Cates Elektrik Uretim AS's Debt-to-Equity or its related term are showing as below:

IST:CATES' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.21 Med: 0.16 Max: 2.57
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Cates Elektrik Uretim AS was 2.57. The lowest was -1.21. And the median was 0.16.

IST:CATES's Debt-to-Equity is ranked better than
99.74% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.85 vs IST:CATES: 0.01

Cates Elektrik Uretim AS Debt-to-Equity Historical Data

The historical data trend for Cates Elektrik Uretim 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.

Cates Elektrik Uretim AS Debt-to-Equity Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.21

2.57

0.65

0.16

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial						0.59	0.16	0.14	0.01	0.01

Competitive Comparison of Cates Elektrik Uretim AS's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, Cates Elektrik Uretim 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.

Cates Elektrik Uretim AS's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cates Elektrik Uretim AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cates Elektrik Uretim AS's Debt-to-Equity falls into.

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Cates Elektrik Uretim AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cates Elektrik Uretim 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
	=	(1226.573	+	42.358)	/	8082.953
	=	0.16

Cates Elektrik Uretim 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
	=	(10.639	+	48.092)	/	11152.725
	=	0.01

Cates Elektrik Uretim AS (IST:CATES) 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.

Cates Elektrik Uretim AS Debt-to-Equity Related Terms

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Cates Elektrik Uretim AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

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