Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Suwen Tekstilnayi Pazarlama 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. Suwen Tekstilnayi Pazarlama AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Suwen Tekstilnayi Pazarlama AS's long-term debt to total assets ratio declined from Sep. 2023 (0.15) to Sep. 2024 (0.09). It may suggest that Suwen Tekstilnayi Pazarlama AS is progressively becoming less dependent on debt to grow their business.

Suwen Tekstilnayi Pazarlama AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suwen Tekstilnayi Pazarlama 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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Suwen Tekstilnayi Pazarlama AS LT-Debt-to-Total-Asset Chart

Suwen Tekstilnayi Pazarlama AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.34

0.32

0.22

0.09

0.11

Suwen Tekstilnayi Pazarlama AS Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.15	0.11	0.12	0.09	0.09

Suwen Tekstilnayi Pazarlama AS LT-Debt-to-Total-Asset Calculation

Suwen Tekstilnayi Pazarlama 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 )
	=	165.641	/	1464.65
	=	0.11

Suwen Tekstilnayi Pazarlama 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 )
	=	203.13	/	2280.164
	=	0.09

Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) 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.

Suwen Tekstilnayi Pazarlama AS LT-Debt-to-Total-Asset Related Terms

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Suwen Tekstilnayi Pazarlama AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suwen Tekstil Sanayi Pazarlama AS (IST:SUWEN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tatlisu Mah Goksu Cad No 41/1, Umraniye, Istanbul, TUR

Website

https://www.suwen.com.tr

Suwen Tekstil Sanayi Pazarlama AS is engaged in manufacturing women's clothing products ranging from underwear to home wear, from socks to corsets, from swimwear & bikini collections to puerperal groups.

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