Akbank TAS (STU:AKB2) Debt-to-Asset : 0.10 (As of Dec. 2023)

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What is Akbank TAS Debt-to-Asset?

Akbank TAS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil. Akbank TAS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €5,682 Mil. Akbank TAS's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €60,068 Mil. Akbank TAS's debt to asset for the quarter that ended in Dec. 2023 was 0.09.

Akbank TAS Debt-to-Asset Historical Data

The historical data trend for Akbank TAS'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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Akbank TAS Debt-to-Asset Chart

Akbank TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.10

Akbank TAS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.10	0.10	0.09	0.09	0.10

Competitive Comparison of Akbank TAS's Debt-to-Asset

For the Banks - Regional subindustry, Akbank TAS'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.

Akbank TAS's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Akbank TAS's Debt-to-Asset distribution charts can be found below:

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

Akbank TAS Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Akbank TAS's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0	+	5682.468)	/	60068.286
	=	0.09

Akbank TAS's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(0	+	5682.468)	/	60068.286
	=	0.09

Akbank TAS (STU:AKB2) 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.

Akbank TAS Debt-to-Asset Related Terms

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Akbank TAS (STU:AKB2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akbank TAS (STU:AKB2) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AKBTY:USA AKBNK:Turkey

Address

Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330

Website

https://www.akbank.com

Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.

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