Marti Technologies (Marti Technologies) Debt-to-Asset : 1.64 (As of Dec. 2023)

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What is Marti Technologies Debt-to-Asset?

Marti Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.86 Mil. Marti Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $55.08 Mil. Marti Technologies's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $40.21 Mil. Marti Technologies's debt to asset for the quarter that ended in Dec. 2023 was 1.64.

Marti Technologies Debt-to-Asset Historical Data

The historical data trend for Marti Technologies's Debt-to-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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Marti Technologies Debt-to-Asset Chart

Marti Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.69

0.37

0.65

1.64

Marti Technologies Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.37	0.47	0.65	0.90	1.64

Competitive Comparison of Marti Technologies's Debt-to-Asset

For the Software - Application subindustry, Marti Technologies's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Marti Technologies's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Marti Technologies's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Marti Technologies's Debt-to-Asset falls into.

Marti Technologies Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Marti Technologies's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(10.86	+	55.081)	/	40.211
	=	1.64

Marti Technologies's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(10.86	+	55.081)	/	40.211
	=	1.64

Marti Technologies (AMEX:MRT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Marti Technologies Debt-to-Asset Related Terms

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Marti Technologies (Marti Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marti Technologies Inc (AMEX:MRT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 S Street NW, Suite 320, Washington, DC, USA, 20009

Website

https://www.marti.tech

Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.

Executives

Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya	director, officer: Chief Executive Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer	officer: Chief Financial Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld	director, 10 percent owner, officer: President and CIO	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc	10 percent owner	2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009