Kervansaray Yatirim Holding AS (IST:KERVN) Debt-to-Equity : -3.01 (As of Sep. 2023)

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What is Kervansaray Yatirim Holding AS Debt-to-Equity?

Kervansaray Yatirim Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺3,292.61 Mil. Kervansaray Yatirim Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺74.95 Mil. Kervansaray Yatirim Holding AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺-1,118.59 Mil. Kervansaray Yatirim Holding AS's debt to equity for the quarter that ended in Sep. 2023 was -3.01.

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 Kervansaray Yatirim Holding AS's Debt-to-Equity or its related term are showing as below:

IST:KERVN' s Debt-to-Equity Range Over the Past 10 Years
Min: -23.81 Med: 1.31 Max: 7.82
Current: -3.01

During the past 13 years, the highest Debt-to-Equity Ratio of Kervansaray Yatirim Holding AS was 7.82. The lowest was -23.81. And the median was 1.31.

IST:KERVN's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.44 vs IST:KERVN: -3.01

Kervansaray Yatirim Holding AS Debt-to-Equity Historical Data

The historical data trend for Kervansaray Yatirim Holding 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.

Kervansaray Yatirim Holding AS Debt-to-Equity Chart

Kervansaray Yatirim Holding AS Annual Data

Trend

Dec12

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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4.07

7.79

-3.75

-6.60

-23.81

Kervansaray Yatirim Holding AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-2.61	-23.81	-11.45	-3.16	-3.01

Competitive Comparison of Kervansaray Yatirim Holding AS's Debt-to-Equity

For the Textile Manufacturing subindustry, Kervansaray Yatirim Holding 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.

Kervansaray Yatirim Holding AS's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kervansaray Yatirim Holding AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kervansaray Yatirim Holding AS's Debt-to-Equity falls into.

Kervansaray Yatirim Holding AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kervansaray Yatirim Holding 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
	=	(2316.046	+	53.56)	/	-99.521
	=	-23.81

Kervansaray Yatirim Holding 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
	=	(3292.609	+	74.945)	/	-1118.588
	=	-3.01

Kervansaray Yatirim Holding AS (IST:KERVN) 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.

Kervansaray Yatirim Holding AS Debt-to-Equity Related Terms

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Kervansaray Yatirim Holding AS (IST:KERVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kervansaray Yatirim Holding AS (IST:KERVN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fulya Mahallesi, Yesilcimen Sokak, No:12, Polat Tower, Kat:6, D:65, Sisli, Istanbul, TUR

Website

http://www.kervansarayholding.com.tr

Kervansaray Yatirim Holding AS is a manufacturer of ready-to-wear garments for men and women, such as graphic T-shirts, polo shirts & sweaters, as well as baby and children's clothing & cotton knitted outerwear.

Kervansaray Yatirim Holding AS (IST:KERVN) Headlines

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