Longwen Group (Longwen Group) Debt-to-Asset : 0.18 (As of Mar. 2024)

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What is Longwen Group Debt-to-Asset?

Longwen Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.06 Mil. Longwen Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Longwen Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $0.35 Mil. Longwen Group's debt to asset for the quarter that ended in Mar. 2024 was 0.18.

Longwen Group Debt-to-Asset Historical Data

The historical data trend for Longwen Group'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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Longwen Group Debt-to-Asset Chart

Longwen Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.34

Longwen Group Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.38	0.26	0.33	0.34	0.18

Competitive Comparison of Longwen Group's Debt-to-Asset

For the Consulting Services subindustry, Longwen Group'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.

Longwen Group's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Longwen Group's Debt-to-Asset distribution charts can be found below:

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

Longwen Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Longwen Group'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
	=	(0.283	+	0)	/	0.844
	=	0.34

Longwen Group'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
	=	(0.061	+	0)	/	0.348
	=	0.18

Longwen Group (OTCPK:LWLW) 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.

Longwen Group Debt-to-Asset Related Terms

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Longwen Group (Longwen Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Longwen Group Corp (OTCPK:LWLW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 219, No. 25, Caihe Road, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310002

Website

http://www.wallong.cn

Longwen Group Corp is engaged in project development and management and to provide consulting services in cultural fields, including antique project promotion and development, traditional magazine project cooperation and development, the marketing and development of audio and visual products, etc.

Executives

Douglas P Martin

10 percent owner

26 KING ST, ST PACOME, QUEBEC CANADA A1 9999999999

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