Turkish Airlines (THYAO) - Total Assets
Based on the latest financial reports, Turkish Airlines (THYAO) holds total assets worth TL43.23 Billion TRY (≈ $968.26 Million USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See what is Turkish Airlines's book value for net asset value and shareholders' equity analysis.
Turkish Airlines - Total Assets Trend (2000–2024)
This chart illustrates how Turkish Airlines's total assets have evolved over time, based on quarterly financial data.
Turkish Airlines - Asset Composition Analysis
Current Asset Composition (December 2024)
Turkish Airlines's total assets of TL43.23 Billion consist of 24.4% current assets and 75.6% non-current assets.
| Asset Category | Amount (TRY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | TL0.00 | 6.9% |
| Accounts Receivable | TL905.00 Million | 0.1% |
| Inventory | TL23.66 Billion | 1.7% |
| Property, Plant & Equipment | TL0.00 | 0.0% |
| Intangible Assets | TL3.94 Billion | 0.3% |
| Goodwill | TL943.00 Million | 0.1% |
Asset Composition Trend (2000–2024)
This chart illustrates how Turkish Airlines's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market cap of Turkish Airlines.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Turkish Airlines's current assets represent 24.4% of total assets in 2024, an increase from 0.0% in 2000.
- Cash Position: Cash and equivalents constituted 6.9% of total assets in 2024, down from 7.9% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2000.
- Asset Diversification: The largest asset category is inventory at 1.7% of total assets.
Turkish Airlines Competitors by Total Assets
Key competitors of Turkish Airlines based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Deutsche Lufthansa AG
XETRA:LHA
|
Germany | €48.83 Billion |
|
Thai Airways International Public Company Limited
BK:THAI
|
Thailand | ฿299.73 Billion |
|
Juneyao Airlines
SHG:603885
|
China | CN¥49.89 Billion |
|
Copa Holdings SA
NYSE:CPA
|
USA | $6.58 Billion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.35 Trillion |
|
flyExclusive, Inc.
NYSE:FLYX
|
USA | $443.44 Million |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
Turkish Airlines - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.98 | 0.98 | 0.65 |
| Quick Ratio | 0.90 | 0.93 | 0.60 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | TL-169.00 Million | TL-249.00 Million | TL-16.72 Billion |
Turkish Airlines - Advanced Valuation Insights
This section examines the relationship between Turkish Airlines's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.50 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 33.3% |
| Total Assets | TL1.40 Trillion |
| Market Capitalization | $9.48 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Turkish Airlines's assets below their book value (0.01x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Turkish Airlines's assets grew by 33.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Turkish Airlines (2000–2024)
The table below shows the annual total assets of Turkish Airlines from 2000 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.40 Trillion ≈ $31.35 Billion |
+33.28% |
| 2023-12-31 | TL1.05 Trillion ≈ $23.52 Billion |
+81.50% |
| 2022-12-31 | TL578.57 Billion ≈ $12.96 Billion |
+2080.24% |
| 2021-12-31 | TL26.54 Billion ≈ $594.36 Million |
-85.84% |
| 2020-12-31 | TL187.40 Billion ≈ $4.20 Billion |
+659.22% |
| 2019-12-31 | TL24.68 Billion ≈ $552.85 Million |
+19.73% |
| 2018-12-31 | TL20.62 Billion ≈ $461.75 Million |
+14.03% |
| 2017-12-31 | TL18.08 Billion ≈ $404.95 Million |
-2.01% |
| 2016-12-31 | TL18.45 Billion ≈ $413.24 Million |
-61.27% |
| 2015-12-31 | TL47.64 Billion ≈ $1.07 Billion |
+49.45% |
| 2014-12-31 | TL31.88 Billion ≈ $713.93 Million |
+25.50% |
| 2013-12-31 | TL25.40 Billion ≈ $568.88 Million |
+35.24% |
| 2012-12-31 | TL18.78 Billion ≈ $420.64 Million |
+14.48% |
| 2011-12-31 | TL16.40 Billion ≈ $367.43 Million |
+54.05% |
| 2010-12-31 | TL10.65 Billion ≈ $238.51 Million |
+24.23% |
| 2009-12-31 | TL8.57 Billion ≈ $191.99 Million |
+8.90% |
| 2008-12-31 | TL7.87 Billion ≈ $176.30 Million |
+59.93% |
| 2007-12-31 | TL4.92 Billion ≈ $110.24 Million |
+7.02% |
| 2006-12-31 | TL4.60 Billion ≈ $103.01 Million |
+30.85% |
| 2005-12-31 | TL3.51 Billion ≈ $78.72 Million |
+19.22% |
| 2004-12-31 | TL2.95 Billion ≈ $66.03 Million |
-100.00% |
| 2003-12-31 | TL2946.85 Trillion ≈ $66.00 Trillion |
+189.22% |
| 2002-12-31 | TL1018.90 Trillion ≈ $22.82 Trillion |
+71.53% |
| 2001-12-31 | TL593.99 Trillion ≈ $13.30 Trillion |
+60.82% |
| 2000-12-31 | TL369.35 Trillion ≈ $8.27 Trillion |
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About Turkish Airlines
Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance; technical and infrastructure support services related to aviation sector; technology and information services; support services; occupational healt… Read more