Wellard (ASX:WLD) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Wellard 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. Wellard's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Wellard's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Wellard is progressively becoming more dependent on debt to grow their business.

Wellard LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wellard'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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Wellard LT-Debt-to-Total-Asset Chart

Wellard Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.15

0.08

Wellard Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.03	-	-	-	-

Wellard LT-Debt-to-Total-Asset Calculation

Wellard'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 )
	=	0.064	/	68.066
	=	0.00

Wellard'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 )
	=	0.049	/	65.533
	=	0.00

Wellard (ASX:WLD) 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.

Wellard LT-Debt-to-Total-Asset Related Terms

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Wellard (ASX:WLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wellard Ltd (ASX:WLD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 High Street, Suite 20, Level 1, Manning Buildings, Fremantle, WA, AUS, 6160

Website

https://www.wellard.com.au

Wellard Ltd is an investment holding company. The company's operating segment includes Chartering and Others. It generates maximum revenue from the Chartering segment. The Chartering segment is engaged in the business of livestock transportation required to deliver livestock globally. Geographically, it derives a majority of its revenue from Singapore.

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