Borlease Otomotiv AS (IST:BORLS) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)

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What is Borlease Otomotiv 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. Borlease Otomotiv AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.20.

Borlease Otomotiv AS's long-term debt to total assets ratio increased from Sep. 2023 (0.14) to Sep. 2024 (0.20). It may suggest that Borlease Otomotiv AS is progressively becoming more dependent on debt to grow their business.

Borlease Otomotiv AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Borlease Otomotiv 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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Borlease Otomotiv AS LT-Debt-to-Total-Asset Chart

Borlease Otomotiv AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.44

0.27

0.16

0.15

Borlease Otomotiv AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.14	0.15	0.24	0.26	0.20

Borlease Otomotiv AS LT-Debt-to-Total-Asset Calculation

Borlease Otomotiv 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 )
	=	953.007	/	6271.988
	=	0.15

Borlease Otomotiv AS'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 )
	=	1870.402	/	9155.314
	=	0.20

Borlease Otomotiv AS (IST:BORLS) 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.

Borlease Otomotiv AS LT-Debt-to-Total-Asset Related Terms

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Borlease Otomotiv AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saray Mahallesi, Dr. Adnan Buyukdeniz Cad. 2, Blok No: 4 Ic Kapi No: 28 Umraniye, Istanbul, TUR

Website

https://www.borlease.com.tr

Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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