ANALYSIS OF BIST 30 COMPANIES TOTAL DEBT BETWEEN 2015-2020, EFFECT OF CURRENCYS FINANCIAL STATEMENTS AND TURKISH ACCOUNTING STANDARD

Abstract

TL/USD exchange rate is stable between 2002 and 2014 so enterprises especially preferred that foreign currency credit to reduce financial cost. Low-interest foreign currency credit also increase the new investment of the enterprises. The foreign debt of the private sector, which was 42.1 billion dollars in 2001, rose to 315.7 billion dollars in 2017, the highest value in the history of the republic. After 2017, declining trend started and decreased to 255.6 billion dollars at the end of 2020. The effect of the decline was the government's policies, especially starting Credit Guarantee Fund application. In this study, the foreign exchange types of the debt stocks of BIST 30 companies (excluding the companies traded on the banking index) under the pressure of exchange rate after 2014 were examined. The study was conducted using the year-end financial data of 23 companies listed in the BIST 30 index between 2015 and 2020.