Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Formet Metal Ve Camnayi Anonim Sirketi 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. Formet Metal Ve Camnayi Anonim Sirketi's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Formet Metal Ve Camnayi Anonim Sirketi's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.08). It may suggest that Formet Metal Ve Camnayi Anonim Sirketi is progressively becoming more dependent on debt to grow their business.

Formet Metal Ve Camnayi Anonim Sirketi LT-Debt-to-Total-Asset Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi'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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Formet Metal Ve Camnayi Anonim Sirketi LT-Debt-to-Total-Asset Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.03

0.04

0.08

Formet Metal Ve Camnayi Anonim Sirketi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															0.04	0.03	0.03	0.03	0.08

Formet Metal Ve Camnayi Anonim Sirketi LT-Debt-to-Total-Asset Calculation

Formet Metal Ve Camnayi Anonim Sirketi'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 )
	=	99.525	/	1324.468
	=	0.08

Formet Metal Ve Camnayi Anonim Sirketi'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 )
	=	99.525	/	1324.468
	=	0.08

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) 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.

Formet Metal Ve Camnayi Anonim Sirketi LT-Debt-to-Total-Asset Related Terms

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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Formet Metal Ve Cam Sanayi Anonim Sirketi (IST:FORMT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR

Website

http://www.formetcelikkapi.com.tr

Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

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