Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Debt-to-Equity : 0.65 (As of Dec. 2023)

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What is Ofis Yem Gidanayi ve Ticaret AS Debt-to-Equity?

Ofis Yem Gidanayi ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺851 Mil. Ofis Yem Gidanayi ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺270 Mil. Ofis Yem Gidanayi ve Ticaret AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺1,731 Mil. Ofis Yem Gidanayi ve Ticaret AS's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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 Ofis Yem Gidanayi ve Ticaret AS's Debt-to-Equity or its related term are showing as below:

IST:OFSYM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.55 Max: 2.05
Current: 0.65

During the past 4 years, the highest Debt-to-Equity Ratio of Ofis Yem Gidanayi ve Ticaret AS was 2.05. The lowest was 0.65. And the median was 1.55.

IST:OFSYM's Debt-to-Equity is ranked worse than
75.79% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs IST:OFSYM: 0.65

Ofis Yem Gidanayi ve Ticaret AS Debt-to-Equity Historical Data

The historical data trend for Ofis Yem Gidanayi 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.

Ofis Yem Gidanayi ve Ticaret AS Debt-to-Equity Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.58

1.52

2.05

0.65

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	2.05	2.10	0.92	0.65

Competitive Comparison of Ofis Yem Gidanayi ve Ticaret AS's Debt-to-Equity

For the Packaged Foods subindustry, Ofis Yem Gidanayi 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.

Ofis Yem Gidanayi ve Ticaret AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ofis Yem Gidanayi ve Ticaret AS's Debt-to-Equity falls into.

Ofis Yem Gidanayi ve Ticaret AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ofis Yem Gidanayi 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
	=	(851.369	+	270.476)	/	1730.55
	=	0.65

Ofis Yem Gidanayi 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
	=	(851.369	+	270.476)	/	1730.55
	=	0.65

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) 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.

Ofis Yem Gidanayi ve Ticaret AS Debt-to-Equity Related Terms

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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR

Website

https://www.ofisyem.com.tr

Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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