WCT (Wellchange Holdings Co) Debt-to-Asset : 0.13 (As of Jun. 2024)

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What is Wellchange Holdings Co Debt-to-Asset?

Wellchange Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.52 Mil. Wellchange Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Wellchange Holdings Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $4.13 Mil. Wellchange Holdings Co's debt to asset for the quarter that ended in Jun. 2024 was 0.13.

Wellchange Holdings Co Debt-to-Asset Historical Data

The historical data trend for Wellchange Holdings Co'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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Wellchange Holdings Co Debt-to-Asset Chart

Wellchange Holdings Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.37

0.30

0.18

Wellchange Holdings Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			-	0.30	0.25	0.18	0.13

Competitive Comparison of Wellchange Holdings Co's Debt-to-Asset

For the Software - Application subindustry, Wellchange Holdings Co'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.

Wellchange Holdings Co's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Wellchange Holdings Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Wellchange Holdings Co's Debt-to-Asset falls into.

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Wellchange Holdings Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Wellchange Holdings Co'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
	=	(0.581	+	0)	/	3.297
	=	0.18

Wellchange Holdings Co's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(0.517	+	0)	/	4.13
	=	0.13

Wellchange Holdings Co (NAS:WCT) 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.

Wellchange Holdings Co Debt-to-Asset Related Terms

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Wellchange Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellchange Holdings Co Ltd (NAS:WCT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit E, 11/F, Billion Plaza II, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.wchingtech.com

Wellchange Holdings Co Ltd is an enterprise software solution services provider. It provides software solutions, cloud-based software-as-a-service (SaaS) platforms, and white-label software design and development services.