Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Frigo Pak Gida Maddelerin Ve Ticaret 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. Frigo Pak Gida Maddelerin Ve Ticaret AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Frigo Pak Gida Maddelerin Ve Ticaret AS's long-term debt to total assets ratio increased from Sep. 2022 (0.03) to Sep. 2023 (0.04). It may suggest that Frigo Pak Gida Maddelerin Ve Ticaret AS is progressively becoming more dependent on debt to grow their business.

Frigo Pak Gida Maddelerin Ve Ticaret AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Frigo Pak Gida Maddelerin Ve Ticaret 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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Frigo Pak Gida Maddelerin Ve Ticaret AS LT-Debt-to-Total-Asset Chart

Frigo Pak Gida Maddelerin Ve Ticaret AS Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.23

0.07

0.03

0.02

Frigo Pak Gida Maddelerin Ve Ticaret AS Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Mar18	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.02	0.07	0.04

Frigo Pak Gida Maddelerin Ve Ticaret AS LT-Debt-to-Total-Asset Calculation

Frigo Pak Gida Maddelerin Ve Ticaret 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 )
	=	10.002	/	550.57
	=	0.02

Frigo Pak Gida Maddelerin Ve Ticaret 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 )
	=	26.643	/	614.89
	=	0.04

Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) 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.

Frigo Pak Gida Maddelerin Ve Ticaret AS LT-Debt-to-Total-Asset Related Terms

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Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Frigo Pak Gida Maddeleri San Ve Ticaret AS (IST:FRIGO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fenerbahce Mahallesi Haci Mehmet Sok. No. 24 F, Block Apartment: 21-22, Kadikoy, Istanbul, TUR

Website

http://www.frigo-pak.com.tr

Frigo Pak Gida Maddeleri San Ve Ticaret AS is a food producer and exporter. The company manufactures gas and non-carbonated beverages, fruit juice, canned, frozen food as well as puree and sauces. It exports its products to more than 10 countries. The company products include sunpride, sunpride organic, strawberry canned, Erik canned food, mexican beans, and sour cherry.

Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) Headlines

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