Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is Hateks Hatay Tekstil Isletmeleri AS Debt-to-Equity?

Hateks Hatay Tekstil Isletmeleri AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺486.4 Mil. Hateks Hatay Tekstil Isletmeleri AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺37.4 Mil. Hateks Hatay Tekstil Isletmeleri AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺1,144.5 Mil. Hateks Hatay Tekstil Isletmeleri AS's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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

IST:HATEK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.29 Max: 0.46
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Hateks Hatay Tekstil Isletmeleri AS was 0.46. The lowest was 0.16. And the median was 0.29.

IST:HATEK's Debt-to-Equity is ranked worse than
51.54% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs IST:HATEK: 0.46

Hateks Hatay Tekstil Isletmeleri AS Debt-to-Equity Historical Data

The historical data trend for Hateks Hatay Tekstil Isletmeleri 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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Hateks Hatay Tekstil Isletmeleri AS Debt-to-Equity Chart

Hateks Hatay Tekstil Isletmeleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.23

0.40

0.43

0.46

Hateks Hatay Tekstil Isletmeleri 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															0.43	0.43	0.49	0.79	0.46

Competitive Comparison of Hateks Hatay Tekstil Isletmeleri AS's Debt-to-Equity

For the Textile Manufacturing subindustry, Hateks Hatay Tekstil Isletmeleri 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.

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

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

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

Hateks Hatay Tekstil Isletmeleri AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hateks Hatay Tekstil Isletmeleri 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
	=	(486.439	+	37.439)	/	1144.49
	=	0.46

Hateks Hatay Tekstil Isletmeleri 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
	=	(486.439	+	37.439)	/	1144.49
	=	0.46

Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) 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.

Hateks Hatay Tekstil Isletmeleri AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Hateks Hatay Tekstil Isletmeleri AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ötençay Mah. E-5 Karayolu Cad., Dis Kapi No: 59,, Hatay, TUR

Website

http://www.hateks.com.tr

Hateks Hatay Tekstil Isletmeleri AS is a major manufacturing company engaged in the export of textile products produced in its fully integrated factory. The company offers towels, bathrobes, and bathmats, as well as special terry products. In addition, it offers cotton, dyed, and melange yarns; cotton gazed mercerized raw and dyed yarns.

Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) Headlines

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