Woori Financial Group (FRA:2WGA) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Woori Financial Group 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. Woori Financial Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

Woori Financial Group's long-term debt to total assets ratio declined from Jun. 2023 (0.15) to Jun. 2024 (0.15). It may suggest that Woori Financial Group is progressively becoming less dependent on debt to grow their business.

Woori Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Woori Financial Group'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.

* Premium members only.

Woori Financial Group LT-Debt-to-Total-Asset Chart

Woori Financial Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.14

0.15

Woori Financial Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.15	0.15	0.15	0.15

Woori Financial Group LT-Debt-to-Total-Asset Calculation

Woori Financial Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	52783.824	/	350101.542
	=	0.15

Woori Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	50784.257	/	342740.88
	=	0.15

Woori Financial Group (FRA:2WGA) 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.

Woori Financial Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Woori Financial Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Woori Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (FRA:2WGA) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

WF:USA 316140:Korea

Address

51, Sogong-ro, Jung-gu, Seoul, KOR, 04632

Website

https://www.woorifg.com

Woori Financial Group Inc is a banking and financial services holdings company that offers a wide range of services, including corporate banking, consumer banking, credit card operations, investment banking, capital markets activities, international banking, asset management, and other businesses. Its operating segments include Banking, Credit card, capital, Investment banking, and others.

Woori Financial Group Headlines

No Headlines