Margun Enerji Uretimnayi Ve Ticaret AS (IST:MAGEN) Debt-to-Equity : 0.31 (As of Dec. 2023)

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What is Margun Enerji Uretimnayi Ve Ticaret AS Debt-to-Equity?

Margun Enerji Uretimnayi Ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺811.4 Mil. Margun Enerji Uretimnayi Ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺1,898.1 Mil. Margun Enerji Uretimnayi Ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺8,772.3 Mil. Margun Enerji Uretimnayi Ve Ticaret AS's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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 Margun Enerji Uretimnayi Ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:MAGEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.57 Max: 1.41
Current: 0.31

During the past 6 years, the highest Debt-to-Equity Ratio of Margun Enerji Uretimnayi Ve Ticaret AS was 1.41. The lowest was 0.28. And the median was 0.57.

IST:MAGEN's Debt-to-Equity is ranked better than
76.71% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs IST:MAGEN: 0.31

Margun Enerji Uretimnayi Ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Margun Enerji Uretimnayi Ve Ticaret 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.

Margun Enerji Uretimnayi Ve Ticaret AS Debt-to-Equity Chart

Margun Enerji Uretimnayi Ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.96

0.84

0.28

0.29

0.31

Margun Enerji Uretimnayi Ve Ticaret AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.29	0.23	0.30	0.29	0.31

Competitive Comparison of Margun Enerji Uretimnayi Ve Ticaret AS's Debt-to-Equity

For the Utilities - Renewable subindustry, Margun Enerji Uretimnayi Ve Ticaret 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.

Margun Enerji Uretimnayi Ve Ticaret AS's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Margun Enerji Uretimnayi Ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Margun Enerji Uretimnayi Ve Ticaret AS's Debt-to-Equity falls into.

Margun Enerji Uretimnayi Ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Margun Enerji Uretimnayi Ve Ticaret 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
	=	(811.421	+	1898.066)	/	8772.337
	=	0.31

Margun Enerji Uretimnayi Ve Ticaret 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
	=	(811.421	+	1898.066)	/	8772.337
	=	0.31

Margun Enerji Uretimnayi Ve Ticaret AS (IST:MAGEN) 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.

Margun Enerji Uretimnayi Ve Ticaret AS Debt-to-Equity Related Terms

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Margun Enerji Uretimnayi Ve Ticaret AS (IST:MAGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Margun Enerji Uretim Sanayi Ve Ticaret AS (IST:MAGEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

K?z?l?rmak Mahallesi, 1450 Street, ATM Plaza (B) Blok 1/67, Cankaya, Ankara, TUR

Website

https://www.margunenerji.com.tr

Margun Enerji Uretim Sanayi Ve Ticaret AS operates in the fields of power plant establishment, commissioning, electrical energy production, establishment, and commitment of power generation facilities in order to obtain electricity from Renewable Energy Sources, primarily Solar Energy.

Margun Enerji Uretimnayi Ve Ticaret AS (IST:MAGEN) Headlines

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