Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Akfen Gayrimenkul Yatirim Ortakligi 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. Akfen Gayrimenkul Yatirim Ortakligi's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Akfen Gayrimenkul Yatirim Ortakligi's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.19). It may suggest that Akfen Gayrimenkul Yatirim Ortakligi is progressively becoming less dependent on debt to grow their business.

Akfen Gayrimenkul Yatirim Ortakligi LT-Debt-to-Total-Asset Historical Data

The historical data trend for Akfen Gayrimenkul Yatirim Ortakligi'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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Akfen Gayrimenkul Yatirim Ortakligi LT-Debt-to-Total-Asset Chart

Akfen Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.50

0.26

0.20

0.19

Akfen Gayrimenkul Yatirim Ortakligi 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															0.20	0.20	0.19	0.22	0.19

Akfen Gayrimenkul Yatirim Ortakligi LT-Debt-to-Total-Asset Calculation

Akfen Gayrimenkul Yatirim Ortakligi'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 )
	=	4361.335	/	23380.446
	=	0.19

Akfen Gayrimenkul Yatirim Ortakligi'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 )
	=	4361.335	/	23380.446
	=	0.19

Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) 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.

Akfen Gayrimenkul Yatirim Ortakligi LT-Debt-to-Total-Asset Related Terms

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Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Loft, Büyükdere Cad. No:201, C Blok Kat 8, Istanbul, TUR

Website

http://www.akfengyo.com.tr

Akfen Gayrimenkul Yatirim Ortakligi is a real estate investment trust. The group's main operations and activities are investing in real estates, real estate projects, and real estate-based capital markets instruments and to create and develop a real estate portfolio. The group is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. It is organized geographically across three principal operating segments: Turkey, Northern Cyprus, and Russia. Geographically the company receives maximum revenue from Turkey.

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