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WOK (WORK Medical Technology Group) Debt-to-Asset : 0.37 (As of Sep. 2024)


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What is WORK Medical Technology Group Debt-to-Asset?

WORK Medical Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $13.47 Mil. WORK Medical Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. WORK Medical Technology Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $36.25 Mil. WORK Medical Technology Group's debt to asset for the quarter that ended in Sep. 2024 was 0.37.

WORK Medical Technology Group Debt-to-Asset Historical Data

The historical data trend for WORK Medical Technology 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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WORK Medical Technology Group Debt-to-Asset Chart

WORK Medical Technology Group Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24
Debt-to-Asset
- 0.22 0.25 0.30 0.37

WORK Medical Technology Group Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Debt-to-Asset Get a 7-Day Free Trial 0.25 0.22 0.30 0.44 0.37

Competitive Comparison of WORK Medical Technology Group's Debt-to-Asset

For the Medical Devices subindustry, WORK Medical Technology 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.

WORK Medical Technology Group's Debt-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, WORK Medical Technology Group's Debt-to-Asset distribution charts can be found below:

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


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WORK Medical Technology Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

WORK Medical Technology Group's Debt-to-Asset for the fiscal year that ended in Sep. 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
=(13.466 + 0) / 36.251
=0.37

WORK Medical Technology Group's Debt-to-Asset for the quarter that ended in Sep. 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
=(13.466 + 0) / 36.251
=0.37

* 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.

WORK Medical Technology Group  (NAS:WOK) 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.

WORK Medical Technology Group Debt-to-Asset Related Terms

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WORK Medical Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » WORK Medical Technology Group Ltd (NAS:WOK) » Definitions » Debt-to-Asset
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Traded in Other Exchanges
N/A
Address
Floor 23, No. 2 Tonghuinan Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Website
https://www.workmedtech.com
WORK Medical Technology Group Ltd is engaged in manufacturing and selling medical consumables through its wholly owned subsidiaries in the People's Republic of China. The Company's main products include medical face masks, tourniquets, airways, breathing circuits, intubation accessories, anesthesia kits, oxygen masks, suction sets, laryngoscope blades, KN95 masks, and other disposable medical devices, as well as medical equipment.