World Kinect (FRA:WFK) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is World Kinect Debt-to-Asset?

World Kinect's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €75 Mil. World Kinect's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €738 Mil. World Kinect's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €6,600 Mil. World Kinect's debt to asset for the quarter that ended in Mar. 2024 was 0.12.

World Kinect Debt-to-Asset Historical Data

The historical data trend for World Kinect'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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World Kinect Debt-to-Asset Chart

World Kinect Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.11

0.12

0.09

0.10

0.12

World Kinect Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.10	0.13	0.12	0.12	0.12

Competitive Comparison of World Kinect's Debt-to-Asset

For the Oil & Gas Refining & Marketing subindustry, World Kinect'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.

World Kinect's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, World Kinect's Debt-to-Asset distribution charts can be found below:

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

World Kinect Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

World Kinect'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
	=	(72.26	+	741.945)	/	6763.15
	=	0.12

World Kinect's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(74.612	+	738.392)	/	6600.448
	=	0.12

World Kinect (FRA:WFK) 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.

World Kinect Debt-to-Asset Related Terms

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World Kinect (FRA:WFK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » World Kinect Corp (FRA:WFK) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

WKC:USA

Address

9800 Northwest 41st Street, Miami, FL, USA, 33178

Website

https://www.world-kinect.com

World Kinect Corp is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. It sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions.

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