Akbank TAS (IST:AKBNK) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Akbank TAS 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. Akbank TAS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Akbank TAS's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.10). It may suggest that Akbank TAS is progressively becoming more dependent on debt to grow their business.

Akbank TAS LT-Debt-to-Total-Asset Historical Data

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

Akbank TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.10

Akbank TAS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.10	0.10	0.10	0.10

Akbank TAS LT-Debt-to-Total-Asset Calculation

Akbank TAS'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 )
	=	180191.442	/	1904769.488
	=	0.09

Akbank TAS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	238750.6	/	2404289.929
	=	0.10

Akbank TAS (IST:AKBNK) 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.

Akbank TAS LT-Debt-to-Total-Asset Related Terms

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Akbank TAS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akbank TAS (IST:AKBNK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AKBTY:USA AKB2:Germany

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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