GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oba Makarnacilik Sanayi ve Ticaret AS (IST:OBAMS) » Definitions » Debt-to-Equity

Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Debt-to-Equity : 0.34 (As of Sep. 2023)


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What is Oba Makarnaciliknayi ve Ticaret AS Debt-to-Equity?

Oba Makarnaciliknayi ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺765 Mil. Oba Makarnaciliknayi ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺146 Mil. Oba Makarnaciliknayi ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₺2,700 Mil. Oba Makarnaciliknayi ve Ticaret AS's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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 Oba Makarnaciliknayi ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:OBAMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34   Med: 0.56   Max: 1.6
Current: 0.34

During the past 3 years, the highest Debt-to-Equity Ratio of Oba Makarnaciliknayi ve Ticaret AS was 1.60. The lowest was 0.34. And the median was 0.56.

IST:OBAMS's Debt-to-Equity is ranked better than
55.26% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs IST:OBAMS: 0.34

Oba Makarnaciliknayi ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Oba Makarnaciliknayi 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.

Oba Makarnaciliknayi ve Ticaret AS Debt-to-Equity Chart

Oba Makarnaciliknayi ve Ticaret AS Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Equity
0.46 0.65 1.60

Oba Makarnaciliknayi ve Ticaret AS Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23
Debt-to-Equity 0.46 0.65 N/A 1.60 0.34

Competitive Comparison of Oba Makarnaciliknayi ve Ticaret AS's Debt-to-Equity

For the Packaged Foods subindustry, Oba Makarnaciliknayi 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.

Oba Makarnaciliknayi ve Ticaret AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oba Makarnaciliknayi ve Ticaret AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Oba Makarnaciliknayi ve Ticaret AS's Debt-to-Equity falls into.


Oba Makarnaciliknayi ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oba Makarnaciliknayi ve Ticaret 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
=(1963.701 + 73.099) / 1274.553
=1.60

Oba Makarnaciliknayi ve Ticaret 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
=(764.994 + 146.07) / 2700.306
=0.34

* 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.

Oba Makarnaciliknayi ve Ticaret AS  (IST:OBAMS) 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.

Oba Makarnaciliknayi ve Ticaret AS Debt-to-Equity Related Terms

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

Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oba Makarnacilik Sanayi ve Ticaret AS (IST:OBAMS) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
No.4. Organize Sanayi Bolgesi, 83422 Nolu Sehitkamil Gaziantep, Bolgesi, TUR, 27110
Website
https://www.obamakarna.com.tr
Oba Makarnacilik Sanayi ve Ticaret AS is engaged in the food sector. The Company operates in the pasta, noodle, flour, semolina, and wheat products food sector. The Company is also engaged in the purchase and sale of grains (wheat) as a commercial activity. The Company carries out its production activities in Gaziantep Plant and Hendek Plant.

Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Headlines

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