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Good Year Lastikleri TAS (IST:GOODY) Liabilities-to-Assets : 0.71 (As of Mar. 2024)


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What is Good Year Lastikleri TAS Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Good Year Lastikleri TAS's Total Liabilities for the quarter that ended in Mar. 2024 was ₺8,349 Mil. Good Year Lastikleri TAS's Total Assets for the quarter that ended in Mar. 2024 was ₺11,718 Mil. Therefore, Good Year Lastikleri TAS's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.71.


Good Year Lastikleri TAS Liabilities-to-Assets Historical Data

The historical data trend for Good Year Lastikleri TAS's Liabilities-to-Assets 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.

* Premium members only.

Good Year Lastikleri TAS Liabilities-to-Assets Chart

Good Year Lastikleri TAS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.45 0.59 0.71 0.71

Good Year Lastikleri TAS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.77 0.78 0.71 0.71

Competitive Comparison of Good Year Lastikleri TAS's Liabilities-to-Assets

For the Auto Parts subindustry, Good Year Lastikleri TAS's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Good Year Lastikleri TAS's Liabilities-to-Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Good Year Lastikleri TAS's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Good Year Lastikleri TAS's Liabilities-to-Assets falls into.



Good Year Lastikleri TAS Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Good Year Lastikleri TAS's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=7293.448/10270.468
=0.71

Good Year Lastikleri TAS's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=8348.539/11717.61
=0.71

* 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.


Good Year Lastikleri TAS  (IST:GOODY) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Good Year Lastikleri TAS Liabilities-to-Assets Related Terms

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Good Year Lastikleri TAS (IST:GOODY) Business Description

Traded in Other Exchanges
N/A
Address
Büyükdere Street, Maslak Square, Maslak Business Center No: 37 Floor: 3 -4, Maslak, Istanbul, TUR
Good Year Lastikleri TAS is a Turkey-based company engaged in the production and distribution of tires and other rubber products. Its products include summer, winter, and four-season tires for all types of vehicles that are used in cars, pickup trucks, vans, trucks, and buses. It also offers outer tires of radial and conventional heavy equipment; and various inner tubes and flaps. Geographically, the company caters its services in domestic and foreign markets.

Good Year Lastikleri TAS (IST:GOODY) Headlines

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