Pakistan International Airlines (KAR:PIAA) LT-Debt-to-Total-Asset : 0.89 (As of Jun. 2023)

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What is Pakistan International Airlines 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. Pakistan International Airlines's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.89.

Pakistan International Airlines's long-term debt to total assets ratio declined from Jun. 2022 (1.06) to Jun. 2023 (0.89). It may suggest that Pakistan International Airlines is progressively becoming less dependent on debt to grow their business.

Pakistan International Airlines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pakistan International Airlines'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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Pakistan International Airlines LT-Debt-to-Total-Asset Chart

Pakistan International Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.66

0.76

0.91

1.10

1.07

Pakistan International Airlines Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.06	1.04	1.07	1.01	0.89

Pakistan International Airlines LT-Debt-to-Total-Asset Calculation

Pakistan International Airlines'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 )
	=	343279.064	/	321265.096
	=	1.07

Pakistan International Airlines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	346066.654	/	389778.034
	=	0.89

Pakistan International Airlines (KAR:PIAA) 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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Pakistan International Airlines (KAR:PIAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pakistan International Airlines Corp Ltd (KAR:PIAA) » Definitions » LT-Debt-to-Total-Asset

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PIAB:Pakistan

Address

PIA Building, Jinnah International Airport, Karachi, PAK, 75200

Website

https://www.piac.com.pk

Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

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