Akenrji Elektrik Uretim AS (IST:AKENR) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

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What is Akenrji Elektrik Uretim 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. Akenrji Elektrik Uretim AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

Akenrji Elektrik Uretim AS's long-term debt to total assets ratio declined from Dec. 2022 (0.48) to Dec. 2023 (0.28). It may suggest that Akenrji Elektrik Uretim AS is progressively becoming less dependent on debt to grow their business.

Akenrji Elektrik Uretim AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Akenrji Elektrik Uretim 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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Akenrji Elektrik Uretim AS LT-Debt-to-Total-Asset Chart

Akenrji Elektrik Uretim AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.72

0.87

0.67

0.48

0.28

Akenrji Elektrik Uretim AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.53	0.65	0.65	0.28

Akenrji Elektrik Uretim AS LT-Debt-to-Total-Asset Calculation

Akenrji Elektrik Uretim 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 )
	=	8984.307	/	31949.666
	=	0.28

Akenrji Elektrik Uretim 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 )
	=	8984.307	/	31949.666
	=	0.28

Akenrji Elektrik Uretim AS (IST:AKENR) 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.

Akenrji Elektrik Uretim AS LT-Debt-to-Total-Asset Related Terms

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Akenrji Elektrik Uretim AS (IST:AKENR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Akenrji Elektrik Uretim AS (IST:AKENR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Miralay ?efik Bey Sokak No:15, Akhan Kat: 3-4, Gümü?suyu, Istanbul, TUR

Website

https://www.akenerji.com.tr

Akenrji Elektrik Uretim AS is the power generation company. It is principally engaged in the establishing, renting and operating facilities of electrical energy production plant, producing electricity and trading electricity to the customers. The company provides energy systems management and optimization; remote reading; and cogeneration and trigeneration.

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