Koton Magazacilik Tekstilnayi Ve Ticaret AS (IST:KOTON) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is Koton Magazacilik Tekstilnayi Ve Ticaret 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. Koton Magazacilik Tekstilnayi Ve Ticaret AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Koton Magazacilik Tekstilnayi Ve Ticaret AS's long-term debt to total assets ratio declined from Dec. 2021 (0.29) to Dec. 2023 (0.12). It may suggest that Koton Magazacilik Tekstilnayi Ve Ticaret AS is progressively becoming less dependent on debt to grow their business.

Koton Magazacilik Tekstilnayi Ve Ticaret AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Koton Magazacilik Tekstilnayi Ve Ticaret 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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Koton Magazacilik Tekstilnayi Ve Ticaret AS LT-Debt-to-Total-Asset Chart

Koton Magazacilik Tekstilnayi Ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.29

0.12

Koton Magazacilik Tekstilnayi Ve Ticaret AS Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.29	0.12	0.12

Koton Magazacilik Tekstilnayi Ve Ticaret AS LT-Debt-to-Total-Asset Calculation

Koton Magazacilik Tekstilnayi Ve Ticaret 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 )
	=	1478.05	/	12287.835
	=	0.12

Koton Magazacilik Tekstilnayi Ve Ticaret 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 )
	=	1478.05	/	12287.835
	=	0.12

Koton Magazacilik Tekstilnayi Ve Ticaret AS (IST:KOTON) 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.

Koton Magazacilik Tekstilnayi Ve Ticaret AS LT-Debt-to-Total-Asset Related Terms

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Koton Magazacilik Tekstilnayi Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Koton Magazacilik Tekstil Sanayi Ve Ticaret AS (IST:KOTON) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ayazaga Street, No:3, Ic Kapi No:5, Ayazaga District, Istanbul, TUR

Website

https://www.kurumsal.koton.com.tr

Koton Magazacilik Tekstil Sanayi Ve Ticaret AS is a Fashion company that has grown into a regional retail ready-to-wear company that designs and sells Koton branded products in four continents. Its field of activity is to design and produce all kinds of textile and accessory products and to sell stores (retail sales) operated by itself or by Franchisees at home and abroad, through its website koton.com and the Company's mobile application. e-commerce channel, including local and international online marketplaces.

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