Turkish Airlines (THYAO) - Total Assets
Based on the latest financial reports, Turkish Airlines (THYAO) holds total assets worth TL46.60 Billion TRY (≈ $1.04 Billion USD) as of December 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. Check THYAO cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Turkish Airlines - Total Assets Trend (2000–2025)
This chart illustrates how Turkish Airlines's total assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Turkish Airlines to see how much of total assets are deployed in long-term investments.
Turkish Airlines - Asset Composition Analysis
Current Asset Composition (December 2025)
Turkish Airlines's total assets of TL46.60 Billion consist of 21.9% current assets and 78.1% non-current assets.
| Asset Category | Amount (TRY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | TL0.00 | 4.3% |
| Accounts Receivable | TL1.07 Billion | 2.3% |
| Inventory | TL968.00 Million | 2.1% |
| Property, Plant & Equipment | TL0.00 | 0.0% |
| Intangible Assets | TL180.00 Million | 0.4% |
| Goodwill | TL27.00 Million | 0.1% |
Asset Composition Trend (2000–2025)
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 21.9% of total assets in 2025, an increase from 0.0% in 2000.
- Cash Position: Cash and equivalents constituted 4.3% of total assets in 2025, 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 accounts receivable at 2.3% 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 |
|---|---|---|
|
China Southern Airlines Co Ltd Class A
SHG:600029
|
China | CN¥356.51 Billion |
|
CATHAY PAC.AIRW.HD-20ADR5
F:CTYA
|
Germany | €177.05 Billion |
|
Air China Limited
F:AD2
|
Germany | €343.05 Billion |
|
Norwegian Air Shuttle ASA
OL:NAS
|
Norway | Nkr44.19 Billion |
|
Tigerair Taiwan Co. Ltd.
TW:6757
|
Taiwan | NT$27.91 Billion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
|
Air New Zealand Ltd
AU:AIZ
|
Australia | AU$9.14 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 | 0.99 | 1.01 | 0.66 |
| Quick Ratio | 0.90 | 0.94 | 0.61 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | TL-113.00 Million | TL87.00 Million | TL-17.71 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 | 0.43 |
| Latest Market Cap to Assets Ratio | 0.22 |
| Asset Growth Rate (YoY) | -96.7% |
| Total Assets | TL46.60 Billion |
| Market Capitalization | $10.04 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Turkish Airlines's assets below their book value (0.22x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Turkish Airlines's assets decreased by 96.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Turkish Airlines (2000–2025)
The table below shows the annual total assets of Turkish Airlines from 2000 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | TL46.60 Billion ≈ $1.04 Billion |
-96.67% |
| 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; informatics and technology; cargo and courier transportation; support ser… Read more