Sekerbank TAS (IST:SKBNK) Debt-to-Equity : 1.36 (As of Dec. 2023)

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What is Sekerbank TAS Debt-to-Equity?

Sekerbank TAS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0 Mil. Sekerbank TAS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺15,190 Mil. Sekerbank TAS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₺11,145 Mil. Sekerbank TAS's debt to equity for the quarter that ended in Dec. 2023 was 1.36.

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

IST:SKBNK' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.36 Med: 1.94 Max: 3.06
Current: 1.36

During the past 13 years, the highest Debt-to-Equity Ratio of Sekerbank TAS was 3.06. The lowest was 1.36. And the median was 1.94.

IST:SKBNK's Debt-to-Equity is ranked worse than
73.37% of 1393 companies
in the Banks industry
Industry Median: 0.68 vs IST:SKBNK: 1.36

Sekerbank TAS Debt-to-Equity Historical Data

The historical data trend for Sekerbank 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.

* Premium members only.

Sekerbank TAS Debt-to-Equity Chart

Sekerbank TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.32

1.77

3.06

1.56

1.36

Sekerbank TAS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.56	1.19	1.39	1.51	1.36

Competitive Comparison of Sekerbank TAS's Debt-to-Equity

For the Banks - Regional subindustry, Sekerbank 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.

Sekerbank TAS's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sekerbank TAS's Debt-to-Equity distribution charts can be found below:

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

Sekerbank TAS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sekerbank 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
	=	(0	+	15189.669)	/	11144.945
	=	1.36

Sekerbank TAS'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
	=	(0	+	15189.669)	/	11144.945
	=	1.36

Sekerbank TAS (IST:SKBNK) 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.

Sekerbank TAS Debt-to-Equity Related Terms

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

Sekerbank TAS (IST:SKBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sekerbank TAS (IST:SKBNK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eski Buyukdere Cad. No. 1/1A, Guvenlik Evleri Mahallesi, Kagithane, Istanbul, TUR, 34415

Website

https://www.sekerbank.com.tr

Sekerbank TAS is a co-operative bank operating in Turkey, primarily in Anatolia. The bank focuses on agricultural banking, as well as providing small to midsize enterprise, corporate, and retail banking services. The bank's strategy emphasizes its community banking orientation. It has incorporated microfinance lending into its business model to provide equal access across its customer segments. The bank's loan book is diversified but has just less than half of its exposure to the service industry.

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