Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Cimentas Izmir Cimento Fabrikasi Turk AS Debt-to-Equity?

Cimentas Izmir Cimento Fabrikasi Turk AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺55 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺30 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺7,595 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's debt to equity for the quarter that ended in Dec. 2023 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 Cimentas Izmir Cimento Fabrikasi Turk AS's Debt-to-Equity or its related term are showing as below:

IST:CMENT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.09
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Cimentas Izmir Cimento Fabrikasi Turk AS was 0.09. The lowest was 0.01. And the median was 0.04.

IST:CMENT's Debt-to-Equity is ranked better than
99.72% of 357 companies
in the Building Materials industry
Industry Median: 0.38 vs IST:CMENT: 0.01

Cimentas Izmir Cimento Fabrikasi Turk AS Debt-to-Equity Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk 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.

Cimentas Izmir Cimento Fabrikasi Turk AS Debt-to-Equity Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.03

0.09

0.07

0.01

Cimentas Izmir Cimento Fabrikasi Turk AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.16	0.12	0.08	0.01

Competitive Comparison of Cimentas Izmir Cimento Fabrikasi Turk AS's Debt-to-Equity

For the Building Materials subindustry, Cimentas Izmir Cimento Fabrikasi Turk 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.

Cimentas Izmir Cimento Fabrikasi Turk AS's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimentas Izmir Cimento Fabrikasi Turk AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cimentas Izmir Cimento Fabrikasi Turk AS's Debt-to-Equity falls into.

Cimentas Izmir Cimento Fabrikasi Turk AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cimentas Izmir Cimento Fabrikasi Turk 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
	=	(55.146	+	30.161)	/	7594.85
	=	0.01

Cimentas Izmir Cimento Fabrikasi Turk AS's Debt to Equity Ratio for the quarter 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
	=	(55.146	+	30.161)	/	7594.85
	=	0.01

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) 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.

Cimentas Izmir Cimento Fabrikasi Turk AS Debt-to-Equity Related Terms

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

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.cimentas.com.tr

Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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