Otokar Otobus Karoserinayi AS (IST:OTKAR) Debt-to-Equity : 2.04 (As of Mar. 2024)

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What is Otokar Otobus Karoserinayi AS Debt-to-Equity?

Otokar Otobus Karoserinayi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺11,223 Mil. Otokar Otobus Karoserinayi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺6,067 Mil. Otokar Otobus Karoserinayi AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺8,470 Mil. Otokar Otobus Karoserinayi AS's debt to equity for the quarter that ended in Mar. 2024 was 2.04.

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 Otokar Otobus Karoserinayi AS's Debt-to-Equity or its related term are showing as below:

IST:OTKAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.26 Med: 2.5 Max: 7.28
Current: 2.04

During the past 13 years, the highest Debt-to-Equity Ratio of Otokar Otobus Karoserinayi AS was 7.28. The lowest was 1.26. And the median was 2.50.

IST:OTKAR's Debt-to-Equity is ranked worse than
93.03% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs IST:OTKAR: 2.04

Otokar Otobus Karoserinayi AS Debt-to-Equity Historical Data

The historical data trend for Otokar Otobus Karoserinayi 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.

Otokar Otobus Karoserinayi AS Debt-to-Equity Chart

Otokar Otobus Karoserinayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.26

1.84

1.59

1.91

1.94

Otokar Otobus Karoserinayi AS 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															6.69	6.19	4.86	1.94	2.04

Competitive Comparison of Otokar Otobus Karoserinayi AS's Debt-to-Equity

For the Auto Manufacturers subindustry, Otokar Otobus Karoserinayi 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.

Otokar Otobus Karoserinayi AS's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Otokar Otobus Karoserinayi AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Otokar Otobus Karoserinayi AS's Debt-to-Equity falls into.

Otokar Otobus Karoserinayi AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Otokar Otobus Karoserinayi 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
	=	(13824.398	+	2308.095)	/	8303.143
	=	1.94

Otokar Otobus Karoserinayi AS'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
	=	(11223.376	+	6066.551)	/	8469.916
	=	2.04

Otokar Otobus Karoserinayi AS (IST:OTKAR) 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.

Otokar Otobus Karoserinayi AS Debt-to-Equity Related Terms

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

Otokar Otobus Karoserinayi AS (IST:OTKAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Otokar Otobus Karoseri Sanayi AS (IST:OTKAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aydinevler Mahallesi, Saygi Caddesi No: 58, Maltepe, Istanbul, TUR, 34854

Website

https://www.otokar.com

Otokar Otobus Karoseri Sanayi AS is an automobile manufacturing company domiciled in Turkey. Commercial passenger transportation, the most significant contributor to company revenue, includes buses and minibusses. Commercial cargo transportation includes trailers, semitrailers, and light trucks. Defense industry land systems include tactically wheeled and armored vehicles, tracked armored vehicles, and turret systems. The company derives the majority of its revenue domestically.

Otokar Otobus Karoserinayi AS (IST:OTKAR) Headlines

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