MNGA (MNG Havayollari ve Tasimacilik AS) LT-Debt-to-Total-Asset: 0.15 (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS LT-Debt-to-Total-Asset?

MNG Havayollari ve Tasimacilik AS MNGA LT-Debt-to-Total-Asset is 0.15 as of Dec. 2022.

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. MNG Havayollari ve Tasimacilik AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.15.

MNG Havayollari ve Tasimacilik AS's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2022 (0.15). It may suggest that MNG Havayollari ve Tasimacilik AS is progressively becoming more dependent on debt to grow their business.

MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS LT-Debt-to-Total-Asset Related Terms

MNG Havayollari ve Tasimacilik AS LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for MNG Havayollari ve Tasimacilik 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.

MNG Havayollari ve Tasimacilik AS LT-Debt-to-Total-Asset Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.13 0.15 0.15

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22
LT-Debt-to-Total-Asset 0.13 0.15 0.16 0.15

MNG Havayollari ve Tasimacilik AS LT-Debt-to-Total-Asset Calculation

MNG Havayollari ve Tasimacilik 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 )
=54.487/363.927
=0.15

MNG Havayollari ve Tasimacilik AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )/Total Assets (Q: Dec. 2022 )
=54.487/363.927
=0.15

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.15 mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a LT-Debt-to-Total-Asset of 0.15 as of Dec. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's LT-Debt-to-Total-Asset too high?
MNG Havayollari ve Tasimacilik AS's current LT-Debt-to-Total-Asset is 0.15.
How does MNG Havayollari ve Tasimacilik AS's LT-Debt-to-Total-Asset compare to ?
MNG Havayollari ve Tasimacilik AS's LT-Debt-to-Total-Asset of 0.15 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Transportation company?
A good LT-Debt-to-Total-Asset depends on the Transportation industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors. MNG Havayollari ve Tasimacilik AS's current LT-Debt-to-Total-Asset is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current LT-Debt-to-Total-Asset of 0.15. The current LT-Debt-to-Total-Asset is 0.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For MNG Havayollari ve Tasimacilik AS (MNGA), the current LT-Debt-to-Total-Asset is 0.15 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MNG Havayollari ve Tasimacilik AS Business Description

Comparable Companies
Address WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.