TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Debt-to-Equity : 1.57 (As of Mar. 2024)

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What is TAV Havalimanlari Holding AS Debt-to-Equity?

TAV Havalimanlari Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $554 Mil. TAV Havalimanlari Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,907 Mil. TAV Havalimanlari Holding AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,565 Mil. TAV Havalimanlari Holding AS's debt to equity for the quarter that ended in Mar. 2024 was 1.57.

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 TAV Havalimanlari Holding AS's Debt-to-Equity or its related term are showing as below:

TAVHY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.76 Max: 2.92
Current: 1.57

During the past 13 years, the highest Debt-to-Equity Ratio of TAV Havalimanlari Holding AS was 2.92. The lowest was 1.09. And the median was 1.76.

TAVHY's Debt-to-Equity is ranked worse than
82.09% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs TAVHY: 1.57

TAV Havalimanlari Holding AS Debt-to-Equity Historical Data

The historical data trend for TAV Havalimanlari Holding 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.

TAV Havalimanlari Holding AS Debt-to-Equity Chart

TAV Havalimanlari Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.11

1.78

1.33

1.52

1.58

TAV Havalimanlari Holding 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															1.65	1.77	1.54	1.58	1.57

Competitive Comparison of TAV Havalimanlari Holding AS's Debt-to-Equity

For the Airports & Air Services subindustry, TAV Havalimanlari Holding 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.

TAV Havalimanlari Holding AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TAV Havalimanlari Holding AS's Debt-to-Equity falls into.

TAV Havalimanlari Holding AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TAV Havalimanlari Holding 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
	=	(580.562	+	1850.275)	/	1538.95
	=	1.58

TAV Havalimanlari Holding 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
	=	(553.915	+	1906.728)	/	1565.309
	=	1.57

TAV Havalimanlari Holding AS (OTCPK:TAVHY) 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.

TAV Havalimanlari Holding AS Debt-to-Equity Related Terms

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TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TAV Havalimanlari Holding AS (OTCPK:TAVHY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TAVHF:USA TAVHL:Turkey 5THA:Germany 5THA:Germany

Address

Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485

Website

https://www.tavhavalimanlari.com.tr

TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.