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Cem Zeytin AS (IST:CEMZY) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)


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What is Cem Zeytin 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. Cem Zeytin AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Cem Zeytin AS's long-term debt to total assets ratio increased from Dec. 2021 (0.03) to Dec. 2023 (0.05). It may suggest that Cem Zeytin AS is progressively becoming more dependent on debt to grow their business.

Cem Zeytin AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cem Zeytin 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.

* Premium members only.

Cem Zeytin AS LT-Debt-to-Total-Asset Chart

Cem Zeytin AS Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.03 0.02 0.05

Cem Zeytin AS Semi-Annual Data
Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset 0.03 0.02 0.05

Cem Zeytin AS LT-Debt-to-Total-Asset Calculation

Cem Zeytin 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 )
=145.905/2992.262
=0.05

Cem Zeytin 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 )
=145.905/2992.262
=0.05

* 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.

Cem Zeytin AS  (IST:CEMZY) 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.

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Cem Zeytin AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cem Zeytin AS (IST:CEMZY) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
Edremit-Balikesir Asphalt, 4.km Havran, Balikesir, TUR
Website
https://www.cemzeytin.com.tr
Cem Zeytin AS is engaged in production of pickled black and green olives, olive storage, processing and packaging.

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