Kordsa Teknik Tekstil AS (IST:KORDS) Debt-to-Equity : 0.98 (As of Dec. 2023)

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What is Kordsa Teknik Tekstil AS Debt-to-Equity?

Kordsa Teknik Tekstil AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺7,495 Mil. Kordsa Teknik Tekstil AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺5,121 Mil. Kordsa Teknik Tekstil AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺12,844 Mil. Kordsa Teknik Tekstil AS's debt to equity for the quarter that ended in Dec. 2023 was 0.98.

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 Kordsa Teknik Tekstil AS's Debt-to-Equity or its related term are showing as below:

IST:KORDS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.84 Max: 1.39
Current: 0.98

During the past 13 years, the highest Debt-to-Equity Ratio of Kordsa Teknik Tekstil AS was 1.39. The lowest was 0.46. And the median was 0.84.

IST:KORDS's Debt-to-Equity is ranked worse than
73.85% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs IST:KORDS: 0.98

Kordsa Teknik Tekstil AS Debt-to-Equity Historical Data

The historical data trend for Kordsa Teknik Tekstil 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.

Kordsa Teknik Tekstil AS Debt-to-Equity Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.39

1.15

0.85

1.05

0.98

Kordsa Teknik Tekstil 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															1.05	1.09	1.12	0.94	0.98

Competitive Comparison of Kordsa Teknik Tekstil AS's Debt-to-Equity

For the Textile Manufacturing subindustry, Kordsa Teknik Tekstil 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.

Kordsa Teknik Tekstil AS's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kordsa Teknik Tekstil AS's Debt-to-Equity falls into.

Kordsa Teknik Tekstil AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kordsa Teknik Tekstil 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
	=	(7495.335	+	5120.942)	/	12844.248
	=	0.98

Kordsa Teknik Tekstil 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
	=	(7495.335	+	5120.942)	/	12844.248
	=	0.98

Kordsa Teknik Tekstil AS (IST:KORDS) 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.

Kordsa Teknik Tekstil AS Debt-to-Equity Related Terms

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

Kordsa Teknik Tekstil AS (IST:KORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa of which it derives a majority of revenue from North America.

Kordsa Teknik Tekstil AS (IST:KORDS) Headlines

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