MNGA (MNG Havayollari ve Tasimacilik AS) Debt-to-Asset : 0.23 (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Debt-to-Asset?

MNG Havayollari ve Tasimacilik AS MNGA Debt-to-Asset is 0.23 as of Dec. 2022.

MNG Havayollari ve Tasimacilik AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $28.06 Mil. MNG Havayollari ve Tasimacilik AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $54.49 Mil. MNG Havayollari ve Tasimacilik AS's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2022 was $363.93 Mil. MNG Havayollari ve Tasimacilik AS's debt to asset for the quarter that ended in Dec. 2022 was 0.23.

MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Debt-to-Asset Related Terms

MNG Havayollari ve Tasimacilik AS Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS Debt-to-Asset Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-Asset
0.25 0.31 0.23

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22
Debt-to-Asset 0.25 0.31 0.25 0.23

MNGA vs : Debt-to-Asset Comparison

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS Debt-to-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Debt-to-Asset falls into.


MNG Havayollari ve Tasimacilik AS Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MNG Havayollari ve Tasimacilik AS'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
=(28.055 + 54.487) / 363.927
=0.23

MNG Havayollari ve Tasimacilik AS's Debt-to-Asset for the quarter 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
=(28.055 + 54.487) / 363.927
=0.23

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.23 mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a Debt-to-Asset of 0.23 as of Dec. 2022. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's Debt-to-Asset too high?
MNG Havayollari ve Tasimacilik AS's current Debt-to-Asset is 0.23.
How does MNG Havayollari ve Tasimacilik AS's Debt-to-Asset compare to ?
MNG Havayollari ve Tasimacilik AS's Debt-to-Asset of 0.23 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Transportation company?
A good Debt-to-Asset depends on the Transportation industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors. MNG Havayollari ve Tasimacilik AS's current Debt-to-Asset is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Debt-to-Asset of 0.23. The current Debt-to-Asset is 0.23. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For MNG Havayollari ve Tasimacilik AS (MNGA), the current Debt-to-Asset is 0.23 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MNG Havayollari ve Tasimacilik AS Business Description

Comparable Companies
Address WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.