Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Rubenis Tekstilnayi Ticaret Anonim Sirketi Debt-to-Equity?

Rubenis Tekstilnayi Ticaret Anonim Sirketi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺123 Mil. Rubenis Tekstilnayi Ticaret Anonim Sirketi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺22 Mil. Rubenis Tekstilnayi Ticaret Anonim Sirketi's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺1,937 Mil. Rubenis Tekstilnayi Ticaret Anonim Sirketi's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Rubenis Tekstilnayi Ticaret Anonim Sirketi's Debt-to-Equity or its related term are showing as below:

IST:RUBNS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.3 Max: 2.34
Current: 0.07

During the past 5 years, the highest Debt-to-Equity Ratio of Rubenis Tekstilnayi Ticaret Anonim Sirketi was 2.34. The lowest was 0.07. And the median was 0.30.

IST:RUBNS's Debt-to-Equity is ranked better than
84.88% of 939 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs IST:RUBNS: 0.07

Rubenis Tekstilnayi Ticaret Anonim Sirketi Debt-to-Equity Historical Data

The historical data trend for Rubenis Tekstilnayi Ticaret Anonim Sirketi'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.

Rubenis Tekstilnayi Ticaret Anonim Sirketi Debt-to-Equity Chart

Rubenis Tekstilnayi Ticaret Anonim Sirketi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.34

0.47

0.30

0.08

0.07

Rubenis Tekstilnayi Ticaret Anonim Sirketi Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.08	0.17	0.15	0.13	0.07

Competitive Comparison of Rubenis Tekstilnayi Ticaret Anonim Sirketi's Debt-to-Equity

For the Textile Manufacturing subindustry, Rubenis Tekstilnayi Ticaret Anonim Sirketi'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.

Rubenis Tekstilnayi Ticaret Anonim Sirketi's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rubenis Tekstilnayi Ticaret Anonim Sirketi's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rubenis Tekstilnayi Ticaret Anonim Sirketi's Debt-to-Equity falls into.

Rubenis Tekstilnayi Ticaret Anonim Sirketi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rubenis Tekstilnayi Ticaret Anonim Sirketi'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
	=	(122.563	+	21.689)	/	1936.675
	=	0.07

Rubenis Tekstilnayi Ticaret Anonim Sirketi'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
	=	(122.563	+	21.689)	/	1936.675
	=	0.07

Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) 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.

Rubenis Tekstilnayi Ticaret Anonim Sirketi Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Rubenis Tekstilnayi Ticaret Anonim Sirketi's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rubenis Tekstil Sanayi Ticaret Anonim Sirketi (IST:RUBNS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Telsiz Mahallesi, Zambak Sokak No:6, Zeytinburnu, Istanbul, TUR

Website

https://www.rubenis.com

Rubenis Tekstil Sanayi Ticaret Anonim Sirketi engages in manufacturing Yarn, Fiber, and Thread. Its product offerings comprise Compact Penye Triko yarn and Compact combed weave yarn.

Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) Headlines

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