Platform Turizm Tasimacilik (IST:PLTUR) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Platform Turizm Tasimacilik 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. Platform Turizm Tasimacilik's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Platform Turizm Tasimacilik's long-term debt to total assets ratio declined from Jun. 2023 (0.08) to Jun. 2024 (0.02). It may suggest that Platform Turizm Tasimacilik is progressively becoming less dependent on debt to grow their business.

Platform Turizm Tasimacilik LT-Debt-to-Total-Asset Historical Data

The historical data trend for Platform Turizm Tasimacilik'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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Platform Turizm Tasimacilik LT-Debt-to-Total-Asset Chart

Platform Turizm Tasimacilik Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.08

0.14

0.06

0.03

Platform Turizm Tasimacilik Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.08	0.05	0.03	0.02	0.02

Platform Turizm Tasimacilik LT-Debt-to-Total-Asset Calculation

Platform Turizm Tasimacilik'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 )
	=	156.167	/	5613.967
	=	0.03

Platform Turizm Tasimacilik's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	134.937	/	6943.542
	=	0.02

Platform Turizm Tasimacilik (IST:PLTUR) 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.

Platform Turizm Tasimacilik LT-Debt-to-Total-Asset Related Terms

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Platform Turizm Tasimacilik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Platform Turizm Tasimacilik (IST:PLTUR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yenidogan Mah. Kizilay Sok, No. 39 Floor 1 Bayrampa?a, Istanbul, TUR

Website

https://www.platformturizm.com

Platform Turizm Tasimacilik operate in the fields of personnel transportation and fleet leasing, It provide services in domestic and international public transportation, construction and cleaning works.

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