Izmir Fircanayi ve Ticaret AS (IST:IZFAS) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Izmir Fircanayi ve Ticaret AS LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Izmir Fircanayi ve Ticaret AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Izmir Fircanayi ve Ticaret AS's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.03). It may suggest that Izmir Fircanayi ve Ticaret AS is progressively becoming more dependent on debt to grow their business.

Izmir Fircanayi ve Ticaret AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Izmir Fircanayi ve Ticaret AS's LT-Debt-to-Total-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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Izmir Fircanayi ve Ticaret AS LT-Debt-to-Total-Asset Chart

Izmir Fircanayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.06

0.02

0.03

Izmir Fircanayi ve Ticaret AS Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.04	0.05	0.05	0.03

Izmir Fircanayi ve Ticaret AS LT-Debt-to-Total-Asset Calculation

Izmir Fircanayi ve Ticaret AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	8.155	/	238.593
	=	0.03

Izmir Fircanayi ve Ticaret AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	8.155	/	238.593
	=	0.03

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Izmir Fircanayi ve Ticaret AS LT-Debt-to-Total-Asset Related Terms

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Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Izmir Firca Sanayi ve Ticaret AS (IST:IZFAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620

Website

http://www.izmirfirca.com.tr

Izmir Firca Sanayi ve Ticaret A.S. provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.

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