ICBC Turkey Bank AS (IST:ICBCT) Debt-to-Equity : 10.27 (As of Sep. 2024)

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What is ICBC Turkey Bank AS Debt-to-Equity?

ICBC Turkey Bank AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺0 Mil. ICBC Turkey Bank AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺51,299 Mil. ICBC Turkey Bank AS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₺4,993 Mil. ICBC Turkey Bank AS's debt to equity for the quarter that ended in Sep. 2024 was 10.27.

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 ICBC Turkey Bank AS's Debt-to-Equity or its related term are showing as below:

IST:ICBCT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 6.13 Max: 10.64
Current: 10.27

During the past 13 years, the highest Debt-to-Equity Ratio of ICBC Turkey Bank AS was 10.64. The lowest was 0.40. And the median was 6.13.

IST:ICBCT's Debt-to-Equity is ranked worse than
98.9% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs IST:ICBCT: 10.27

ICBC Turkey Bank AS Debt-to-Equity Historical Data

The historical data trend for ICBC Turkey Bank 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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ICBC Turkey Bank AS Debt-to-Equity Chart

ICBC Turkey Bank AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.59

7.31

10.49

10.25

8.90

ICBC Turkey Bank AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															9.27	8.90	9.00	9.38	10.27

Competitive Comparison of ICBC Turkey Bank AS's Debt-to-Equity

For the Banks - Regional subindustry, ICBC Turkey Bank 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.

ICBC Turkey Bank AS's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ICBC Turkey Bank AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ICBC Turkey Bank AS's Debt-to-Equity falls into.

ICBC Turkey Bank AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ICBC Turkey Bank 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
	=	(0	+	46014.502)	/	5172.007
	=	8.90

ICBC Turkey Bank 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
	=	(0	+	51299.046)	/	4993.316
	=	10.27

ICBC Turkey Bank AS (IST:ICBCT) 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.

ICBC Turkey Bank AS Debt-to-Equity Related Terms

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ICBC Turkey Bank AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ICBC Turkey Bank AS (IST:ICBCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maslak Mah. Dereboyu/2 Caddesi No: 13, Sar?yer, Istanbul, TUR, 34398

Website

https://www.icbc.com.tr

ICBC Turkey Bank AS is a bank engaged in corporate and retail banking activities. The operations of the company consist of corporate, commercial, and retail banking services, international transactions, and securities trading in capital markets, which are conducted mainly with local customers. The company has three segments, namely Retail Banking, which includes loans, deposits, and other transactions and balances with retail customers; Corporate Banking includes loans, deposits, and other transactions and balances with corporate and SME customers; and Treasury, Investment Banking, and others include funds management and treasury activities. It derives key revenue from the Corporate banking segment.

ICBC Turkey Bank AS Headlines

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