Cates Elektrik Uretim AS (IST:CATES) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Cates Elektrik Uretim 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. Cates Elektrik Uretim AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Cates Elektrik Uretim AS's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Sep. 2023 (0.02). It may suggest that Cates Elektrik Uretim AS is progressively becoming more dependent on debt to grow their business.

Cates Elektrik Uretim AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cates Elektrik Uretim 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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Cates Elektrik Uretim AS LT-Debt-to-Total-Asset Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.17

0.58

0.32

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.32	0.02	0.02

Cates Elektrik Uretim AS LT-Debt-to-Total-Asset Calculation

Cates Elektrik Uretim 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 )
	=	2322.717	/	7234.243
	=	0.32

Cates Elektrik Uretim AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	164.167	/	8082.661
	=	0.02

Cates Elektrik Uretim AS (IST:CATES) 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.

Cates Elektrik Uretim AS LT-Debt-to-Total-Asset Related Terms

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Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

Cates Elektrik Uretim AS (IST:CATES) Headlines

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