VEON (VEON) Debt-to-Asset : 0.44 (As of Jun. 2023)

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What is VEON Debt-to-Asset?

VEON's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,869 Mil. VEON's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3,791 Mil. VEON's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $13,011 Mil. VEON's debt to asset for the quarter that ended in Jun. 2023 was 0.44.

VEON Debt-to-Asset Historical Data

The historical data trend for VEON's Debt-to-Asset 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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VEON Debt-to-Asset Chart

VEON Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.56

0.64

0.69

0.67

0.54

VEON Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial															0.66	0.67	0.71	0.54	0.44

Competitive Comparison of VEON's Debt-to-Asset

For the Telecom Services subindustry, VEON's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

VEON's Debt-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, VEON's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where VEON's Debt-to-Asset falls into.

VEON Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

VEON's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2844	+	5336)	/	15083
	=	0.54

VEON's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1869	+	3791)	/	13011
	=	0.44

VEON (NAS:VEON) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

VEON Debt-to-Asset Related Terms

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VEON (VEON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » VEON Ltd (NAS:VEON) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

VEON:Netherlands

Address

Claude Debussylaan 88, Amsterdam, NLD, 1082 MD

Website

https://www.veon.com

VEON Ltd is a global provider of connectivity and internet services. The company provides its customers with voice, fixed broadband, data, and digital services. Currently, the company offers services to customers in the following countries: Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The reportable segments currently consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company provides services under the Beeline, Kyivstar, banglalink and Jazz brands.