Wingara AG (ASX:WNR) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Wingara AG 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. Wingara AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Wingara AG's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.05). It may suggest that Wingara AG is progressively becoming less dependent on debt to grow their business.

Wingara AG LT-Debt-to-Total-Asset Historical Data

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

Wingara AG Annual Data

Trend

Jun14

Jun15

Jun16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.53

0.46

0.07

0.14

0.05

Wingara AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.15	0.14	0.09	0.05

Wingara AG LT-Debt-to-Total-Asset Calculation

Wingara AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.257	/	5.076
	=	0.05

Wingara AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.257	/	5.076
	=	0.05

Wingara AG (ASX:WNR) 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.

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Wingara AG (ASX:WNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wingara AG Ltd (ASX:WNR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Oxley Road Hawthorn, Level 1, Laverton, VIC, AUS, 3122

Website

https://www.wingaraag.com.au

Wingara AG Ltd operates as a processor and marketer of agricultural products in Australia. The Group operates in two segments: Acting as a processor and marketer of agricultural products (fodder business) and also Acting as a service provider for manufacturers, providing temperature-controlled facilities, blast freezing, storage, and distribution. The company generates maximum revenue from the fodder business.