Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) Debt-to-Equity : 0.73 (As of Sep. 2024)

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What is Manas Enerji Yonetiminayi ve Ticaret AS Debt-to-Equity?

Manas Enerji Yonetiminayi ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺403.2 Mil. Manas Enerji Yonetiminayi ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₺37.3 Mil. Manas Enerji Yonetiminayi ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₺602.8 Mil. Manas Enerji Yonetiminayi ve Ticaret AS's debt to equity for the quarter that ended in Sep. 2024 was 0.73.

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 Manas Enerji Yonetiminayi ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:MANAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.65 Max: 2.46
Current: 0.73

During the past 6 years, the highest Debt-to-Equity Ratio of Manas Enerji Yonetiminayi ve Ticaret AS was 2.46. The lowest was 0.15. And the median was 0.65.

IST:MANAS's Debt-to-Equity is ranked worse than
78.1% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs IST:MANAS: 0.73

Manas Enerji Yonetiminayi ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Manas Enerji Yonetiminayi 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.

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Manas Enerji Yonetiminayi ve Ticaret AS Debt-to-Equity Chart

Manas Enerji Yonetiminayi ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.46

1.36

0.15

0.54

0.42

Manas Enerji Yonetiminayi ve Ticaret AS Quarterly Data
	Dec18	Dec19	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														1.14	0.42	0.45	0.67	0.73

Competitive Comparison of Manas Enerji Yonetiminayi ve Ticaret AS's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Manas Enerji Yonetiminayi 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.

Manas Enerji Yonetiminayi ve Ticaret AS's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Manas Enerji Yonetiminayi ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Manas Enerji Yonetiminayi ve Ticaret AS's Debt-to-Equity falls into.

Manas Enerji Yonetiminayi ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manas Enerji Yonetiminayi 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
	=	(176.004	+	36.768)	/	510.763
	=	0.42

Manas Enerji Yonetiminayi ve Ticaret 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
	=	(403.204	+	37.303)	/	602.836
	=	0.73

Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) 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.

Manas Enerji Yonetiminayi ve Ticaret AS Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Manas Enerji Yonetiminayi ve Ticaret AS's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Manas Enerji Yonetiminayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Manas Enerji Yonetimi Sanayi ve Ticaret AS (IST:MANAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

A.S.O. 1. Organize Sanayi Bolgesi, Anadolu Caddesi No: 25, Sincan, Ankara, TUR, 06935

Website

https://www.manas.com.tr

Manas Enerji Yonetimi Sanayi ve Ticaret AS is engaged in the business of smart metering systems and solutions. Its products are into electro-controlled gas, water, heat and electricity meters also AMR, M2M, AMI AND, meter remote control system solutions.

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