Westjet Airlines (FRA:WC41) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2019)

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What is Westjet Airlines 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. Westjet Airlines's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.25.

Westjet Airlines's long-term debt to total assets ratio increased from Sep. 2018 (0.21) to Sep. 2019 (0.25). It may suggest that Westjet Airlines is progressively becoming more dependent on debt to grow their business.

Westjet Airlines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Westjet Airlines'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.

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Westjet Airlines LT-Debt-to-Total-Asset Chart

Westjet Airlines Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.22

0.20

0.31

0.29

0.21

Westjet Airlines Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.21	0.25	0.25	0.25

Westjet Airlines LT-Debt-to-Total-Asset Calculation

Westjet Airlines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	943.972	/	4421.204
	=	0.21

Westjet Airlines's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	1282.374	/	5186.136
	=	0.25

Westjet Airlines (FRA:WC41) 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.

Westjet Airlines LT-Debt-to-Total-Asset Related Terms

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Westjet Airlines (FRA:WC41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westjet Airlines Ltd (FRA:WC41) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

22 Aerial Place N.E., Calgary, AB, CAN, T2E 3J1

Website

http://www.westjet.com

WestJet is a Canadian airline based in Calgary, Alberta. WestJet operates WestJet Vacations, which provides air, hotel, car, and excursion packages and in 2013 launched WestJet Encore, a regional airline that operates Q400 turboprops, servicing smaller destinations. It also plans to launch an ultra-low-cost carrier (branded Swoop) in 2018. WestJet services over 100 destinations in North America, Central America, the Caribbean, and Europe. The carrier generated roughly CAD 4.5 billion in revenue in 2017.

Westjet Airlines (FRA:WC41) Headlines

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