Wagners Holding Co (ASX:WGN) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2023)

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What is Wagners Holding Co 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. Wagners Holding Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.50.

Wagners Holding Co's long-term debt to total assets ratio increased from Dec. 2022 (0.46) to Dec. 2023 (0.50). It may suggest that Wagners Holding Co is progressively becoming more dependent on debt to grow their business.

Wagners Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wagners Holding Co'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.

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Wagners Holding Co LT-Debt-to-Total-Asset Chart

Wagners Holding Co Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.41

0.49

0.46

0.44

0.48

Wagners Holding Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.46	0.44	0.46	0.48	0.50

Wagners Holding Co LT-Debt-to-Total-Asset Calculation

Wagners Holding Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	215.424	/	450.671
	=	0.48

Wagners Holding Co'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 )
	=	212.832	/	428.209
	=	0.50

Wagners Holding Co (ASX:WGN) 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.

Wagners Holding Co LT-Debt-to-Total-Asset Related Terms

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Wagners Holding Co (ASX:WGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Wagners Holding Co Ltd (ASX:WGN) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

0W7:Germany

Address

1511 Toowoomba-Cecil Plains Road, 11 Ballera Court, P.O. Box 151, Drayton North, Wellcamp, QLD, AUS, 4350

Website

https://www.wagner.com.au

Wagners Holding Co Ltd is an Australian construction materials provider. It produces and sells construction materials through its Composite Fibre Technologies and Earth Friendly Concrete business. The Construction Materials and Services segment supplies construction materials and services to customers in the construction, infrastructure and resources industries. Its products include cement, flyash, aggregates, ready-mix concrete, precast concrete products and reinforcing steel. Its Composite Fibre Technologies segment provides building products and construction materials through its CFT and EFC businesses. Its projects include roads and tunnels, bridges, airports, mining and gas plants, dams and others. The company generates maximum revenue from Construction, Materials and Services.

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