Demirel E.Atakisi A.Atmaca M.2024-06-122024-06-1220111450-216Xhttps://hdl.handle.net/20.500.14551/17757The purpose of this study is to analyze the effects of macroeconomic conditions and financial ratios on debt ratio and return on equity ratio of the tourism firms. We selected six lodging company financial ratios that included tourism sector index on Istanbul Stock Exchange (ISE) between the years 2002-2010. Findings suggested that debt ratio of the tourism firms has a function on GNP, interest rate, account receivables ratio, debt coefficient and cash ratio of the firms. Debt coefficient, GNP, interest rate positively affected and account receivables and cash ratios negatively affected on debt structure. Findings of this analyse helps tourism sector managers forecast on different economic and financial structure conditions in order to optimize their debt and return on equity ratios. © EuroJournals Publishing, Inc. 2011.eninfo:eu-repo/semantics/closedAccessDebt Ratio; Financial Structure; Return On Equity Ratio; Tourism EconomicsArticle6134584662-s2.0-80054012363N/A