Tofas Turk Otomobil Fabrikasi AS (Tofas Turk Otomobil Fabrikasi AS) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Tofas Turk Otomobil Fabrikasi AS Debt-to-Equity?

Tofas Turk Otomobil Fabrikasi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $232 Mil. Tofas Turk Otomobil Fabrikasi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $175 Mil. Tofas Turk Otomobil Fabrikasi AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,268 Mil. Tofas Turk Otomobil Fabrikasi AS's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Tofas Turk Otomobil Fabrikasi AS's Debt-to-Equity or its related term are showing as below:

TTOFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 1.41 Max: 1.7
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Tofas Turk Otomobil Fabrikasi AS was 1.70. The lowest was 0.32. And the median was 1.41.

TTOFF's Debt-to-Equity is ranked better than
63.09% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TTOFF: 0.32

Tofas Turk Otomobil Fabrikasi AS Debt-to-Equity Historical Data

The historical data trend for Tofas Turk Otomobil Fabrikasi 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.

Tofas Turk Otomobil Fabrikasi AS Debt-to-Equity Chart

Tofas Turk Otomobil Fabrikasi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

1.50

1.35

0.44

0.32

Tofas Turk Otomobil Fabrikasi AS 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															0.44	0.72	0.47	0.39	0.32

Competitive Comparison of Tofas Turk Otomobil Fabrikasi AS's Debt-to-Equity

For the Auto Manufacturers subindustry, Tofas Turk Otomobil Fabrikasi 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.

Tofas Turk Otomobil Fabrikasi AS's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tofas Turk Otomobil Fabrikasi AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tofas Turk Otomobil Fabrikasi AS's Debt-to-Equity falls into.

Tofas Turk Otomobil Fabrikasi AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tofas Turk Otomobil Fabrikasi 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
	=	(231.729	+	175.133)	/	1268.293
	=	0.32

Tofas Turk Otomobil Fabrikasi AS'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
	=	(231.729	+	175.133)	/	1268.293
	=	0.32

Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) 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.

Tofas Turk Otomobil Fabrikasi AS Debt-to-Equity Related Terms

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

Tofas Turk Otomobil Fabrikasi AS (Tofas Turk Otomobil Fabrikasi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tofas Turk Otomobil Fabrikasi AS (GREY:TTOFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TOASO:Turkey

Address

Buyukdere Cad. No: 145 Tofas Han, Zincirlikuyu, Istanbul, TUR, 34394

Website

https://www.tofas.com.tr

Tofas Turk Otomobil Fabrikasi AS is a Turkish automotive manufacturer of both passenger cars and light commercial vehicles. Its core business s manufacturing, exporting and selling passenger cars and light commercial vehicles under licenses of Fiat Chrysler Automobiles S.p.A. (Fiat). The company manufactures for a range of passenger cars i.e. Fiat Linea, Egea models, and others. Tofas also acts as a distributor of the Fiat, Alfa Romeo, Jeep, Lancia, Maserati, and Ferrari brands in Turkey. It also produces various automotive spare parts used in its automobiles. The company has three business divisions namely Automobile, Trading of spare parts, and Consumer finance.

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