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Woori Financial Group (Woori Financial Group) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)


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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 Dec. 2023 was 0.15.

Woori Financial Group's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.15). It may suggest that Woori Financial Group is progressively becoming more 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 0.15 0.15 0.15

Woori Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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 )
=57561.423/381790.123
=0.15

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

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=57561.423/381790.123
=0.15

* 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.

Woori Financial Group  (NYSE:WF) 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

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Woori Financial Group (Woori Financial Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (NYSE:WF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
XKRX:024110 XKRX:323410 XKRX:086790 XKRX:138930 XKRX:175330 XKRX:139130 XKRX:006220 XKRX:055550 XKRX:007330 XKRX:105560 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
316140:Korea
Address
51, Sogong-ro, Jung-gu, Seoul, KOR, 04632
Website
https://www.woorifg.com
Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

Woori Financial Group (Woori Financial Group) Headlines

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