Turkiye Vakiflar Bankasi TAO (IST:VAKBN) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Turkiye Vakiflar Bankasi TAO 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. Turkiye Vakiflar Bankasi TAO's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Turkiye Vakiflar Bankasi TAO's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.21). It may suggest that Turkiye Vakiflar Bankasi TAO is progressively becoming more dependent on debt to grow their business.

Turkiye Vakiflar Bankasi TAO LT-Debt-to-Total-Asset Historical Data

The historical data trend for Turkiye Vakiflar Bankasi TAO'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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Turkiye Vakiflar Bankasi TAO LT-Debt-to-Total-Asset Chart

Turkiye Vakiflar Bankasi TAO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.17

0.19

0.14

Turkiye Vakiflar Bankasi TAO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.13	0.14	0.14	0.21

Turkiye Vakiflar Bankasi TAO LT-Debt-to-Total-Asset Calculation

Turkiye Vakiflar Bankasi TAO'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 )
	=	398742.472	/	2859246.233
	=	0.14

Turkiye Vakiflar Bankasi TAO's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	651903.421	/	3087077.835
	=	0.21

Turkiye Vakiflar Bankasi TAO (IST:VAKBN) 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.

Turkiye Vakiflar Bankasi TAO LT-Debt-to-Total-Asset Related Terms

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Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Turkiye Vakiflar Bankasi TAO (IST:VAKBN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Saray Mahallesi Dr. Adnan Buyukdeniz Caddesi No: 7/A-B, Genel Mudurlugu, Umraniye, Istanbul, TUR, 34768

Website

https://www.vakifbank.com.tr

Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, as well as financial leasing and factoring, among other activities. Most of the bank's earning assets are commercial loans, but it also has a significant retail loan book and securities portfolio. The bank operates and has its credit exposed overwhelmingly in the Turkish market.

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