Otto Holding AS (IST:OTTO) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Otto Holding 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. Otto Holding AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Otto Holding AS's long-term debt to total assets ratio declined from Sep. 2022 (0.04) to Sep. 2023 (0.00). It may suggest that Otto Holding AS is progressively becoming less dependent on debt to grow their business.

Otto Holding AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Otto Holding 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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Otto Holding AS LT-Debt-to-Total-Asset Chart

Otto Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.15

0.02

0.01

Otto Holding AS Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.01	0.01	-	-

Otto Holding AS LT-Debt-to-Total-Asset Calculation

Otto Holding AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.838	/	201.64
	=	0.01

Otto Holding AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.856	/	293.945
	=	0.00

Otto Holding AS (IST:OTTO) 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.

Otto Holding AS LT-Debt-to-Total-Asset Related Terms

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Otto Holding AS (IST:OTTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Otto Holding AS (IST:OTTO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Levent Neighbourhood Yosun St. No:8, Besiktas, Istanbul, TUR

Website

https://www.ottoholding.com.tr

Otto Holding AS is an investment company that brings traditional markets together with new-generation investments, It undertakes the responsibility of making investments that will benefit our shareholders while protecting the securities and transparency of the markets. The company transforms its experience in media, entertainment and other sectors into measurable financial values with technology-oriented investments in fields of activity such as artificial intelligence (AI), augmented reality (AR), financial technologies (Fintech), gaming (Gaming), and electric vehicles (Electrification).

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