Weidai (Weidai) Debt-to-Asset : 0.02 (As of Dec. 2021)

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What is Weidai Debt-to-Asset?

Weidai's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $1.8 Mil. Weidai's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $2.7 Mil. Weidai's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2021 was $188.4 Mil. Weidai's debt to asset for the quarter that ended in Dec. 2021 was 0.02.

Weidai Debt-to-Asset Historical Data

The historical data trend for Weidai'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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Weidai Debt-to-Asset Chart

Weidai Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Asset

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0.03

0.02

Weidai Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Debt-to-Asset	Get a 7-Day Free Trial						-	-	0.02	-	0.02

Competitive Comparison of Weidai's Debt-to-Asset

For the Credit Services subindustry, Weidai'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.

Weidai's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Weidai's Debt-to-Asset distribution charts can be found below:

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

Weidai Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Weidai's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.818	+	2.719)	/	188.351
	=	0.02

Weidai's Debt-to-Asset for the quarter that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.818	+	2.719)	/	188.351
	=	0.02

Weidai (OTCPK:WEIDY) 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.

Weidai Debt-to-Asset Related Terms

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Weidai (Weidai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Weidai Ltd (OTCPK:WEIDY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 668, Jianshe 3rd Road, Hongxin Science and Technology Park, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

https://www.weidai.com.cn

Weidai Ltd is engaged in the online finance marketplace business in the People's Republic of China. The company's platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. It generates revenue from the service fees charged to borrowers for facilitation and management of loans, and also charge fees to online investors for facilitating their investments via a platform, and the transfer of their investments on its secondary loan market.