CAN2 Termik AS (IST:CANTE) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is CAN2 Termik 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. CAN2 Termik AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

CAN2 Termik AS's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.00). It may suggest that CAN2 Termik AS is progressively becoming less dependent on debt to grow their business.

CAN2 Termik AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for CAN2 Termik 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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CAN2 Termik AS LT-Debt-to-Total-Asset Chart

CAN2 Termik AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.47

0.30

0.19

CAN2 Termik AS Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.19	0.22	0.25	0.01	-

CAN2 Termik AS LT-Debt-to-Total-Asset Calculation

CAN2 Termik 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 )
	=	2.158	/	17763.288
	=	0.00

CAN2 Termik AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2.158	/	17763.288
	=	0.00

CAN2 Termik AS (IST:CANTE) 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.

CAN2 Termik AS LT-Debt-to-Total-Asset Related Terms

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CAN2 Termik AS (IST:CANTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CAN2 Termik AS (IST:CANTE) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Barbaros Mahallesi, Karanfil Sokak, Varyap Meridian Sitesi No:l lD, Villa 4 Bati Atajehir, Istanbul, TUR

Website

https://www.can2termik.com.tr

CAN2 Termik AS is a company operating in the fields of electrical energy generation, procurement and mining.

CAN2 Termik AS (IST:CANTE) Headlines

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