Turcas Petrol AS (IST:TRCAS) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Turcas Petrol AS Debt-to-Equity?

Turcas Petrol AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺231.25 Mil. Turcas Petrol AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺98.76 Mil. Turcas Petrol AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₺7,913.93 Mil. Turcas Petrol AS's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Turcas Petrol AS's Debt-to-Equity or its related term are showing as below:

IST:TRCAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.83 Max: 4.23
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Turcas Petrol AS was 4.23. The lowest was 0.04. And the median was 0.83.

IST:TRCAS's Debt-to-Equity is ranked better than
93.42% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs IST:TRCAS: 0.04

Turcas Petrol AS Debt-to-Equity Historical Data

The historical data trend for Turcas Petrol 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.

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Turcas Petrol AS Debt-to-Equity Chart

Turcas Petrol AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.43

2.43

4.23

0.11

0.06

Turcas Petrol 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															0.47	0.50	0.29	0.06	0.04

Competitive Comparison of Turcas Petrol AS's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, Turcas Petrol 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.

Turcas Petrol AS's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Turcas Petrol AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Turcas Petrol AS's Debt-to-Equity falls into.

Turcas Petrol AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turcas Petrol 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
	=	(222.227	+	177.953)	/	6418.902
	=	0.06

Turcas Petrol 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
	=	(231.249	+	98.76)	/	7913.933
	=	0.04

Turcas Petrol AS (IST:TRCAS) 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.

Turcas Petrol AS Debt-to-Equity Related Terms

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

Turcas Petrol AS (IST:TRCAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Turcas Petrol AS (IST:TRCAS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Ahi Evran Street No: 6, Aksoy Plaza, 7th floor, Maslak, Istanbul, TUR, 34398

Website

https://www.turcas.com.tr

Turcas Petrol AS is an oil and energy focused investment company. It is engaged in fuel distribution and lubricants, conventional energy, and renewable energy fields in Turkey. The company is involved in the operation of Shell-branded fuel stations that offer fuel products and lubricants. The operating segments of the group are Oil, Electricity and Others. The products which are included in Oil segment are fuel products, lubricants and engine oil. The Electricity segment consists of power generation activity.

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