Migros Turk TAS (IST:MGROS) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Migros Turk TAS Debt-to-Equity?

Migros Turk TAS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺3,790 Mil. Migros Turk TAS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺9,633 Mil. Migros Turk TAS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺42,541 Mil. Migros Turk TAS's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 Migros Turk TAS's Debt-to-Equity or its related term are showing as below:

IST:MGROS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 5.49 Max: 385.69
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Migros Turk TAS was 385.69. The lowest was 0.29. And the median was 5.49.

IST:MGROS's Debt-to-Equity is ranked better than
66.67% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.585 vs IST:MGROS: 0.32

Migros Turk TAS Debt-to-Equity Historical Data

The historical data trend for Migros Turk TAS'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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Migros Turk TAS Debt-to-Equity Chart

Migros Turk TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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19.40

218.03

11.34

0.45

0.29

Migros Turk TAS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.74	1.54	1.21	0.29	0.32

Competitive Comparison of Migros Turk TAS's Debt-to-Equity

For the Grocery Stores subindustry, Migros Turk TAS'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.

Migros Turk TAS's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Migros Turk TAS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Migros Turk TAS's Debt-to-Equity falls into.

Migros Turk TAS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Migros Turk TAS'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
	=	(2978.835	+	7291.143)	/	36024.318
	=	0.29

Migros Turk TAS's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3790.465	+	9633.222)	/	42540.809
	=	0.32

Migros Turk TAS (IST:MGROS) 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.

Migros Turk TAS Debt-to-Equity Related Terms

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

Migros Turk TAS (IST:MGROS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Migros Turk TAS (IST:MGROS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atatürk Mah. Turgut Özal Bulvar? No: 7, Atasehir - Istanbul, TUR, 34758

Website

http://www.migroskurumsal.com

Migros Turk TAS is a Turkey-based company that is principally engaged in the retail business. The company offers a broad range of merchandise, including food items, groceries, cosmetics, glass and kitchenware, stationery, electronic appliances, books, and others. The company operates through a number of store brands, including Migros stores, which account for the majority of the company's total stores; Macrocenter stores, which provides exclusive goods; and Ramstore stores, which are located outside Turkey and offer Turkish products. The company also operates business through an online channel. It generates the majority of its total revenue from the domestic market.

Migros Turk TAS (IST:MGROS) Headlines

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