Wellnex Life (ASX:WNX) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Wellnex Life 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. Wellnex Life's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Wellnex Life's long-term debt to total assets ratio declined from Dec. 2022 (0.21) to Dec. 2023 (0.19). It may suggest that Wellnex Life is progressively becoming less dependent on debt to grow their business.

Wellnex Life LT-Debt-to-Total-Asset Historical Data

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

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.08

0.01

0.28

Wellnex Life Semi-Annual Data
	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									0.01	0.28	0.21	-	0.19

Wellnex Life LT-Debt-to-Total-Asset Calculation

Wellnex Life'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 )
	=	0.052	/	15.04
	=	0.00

Wellnex Life'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 )
	=	5.723	/	30.63
	=	0.19

Wellnex Life (ASX:WNX) 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.

Wellnex Life LT-Debt-to-Total-Asset Related Terms

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Wellnex Life (ASX:WNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellnex Life Ltd (ASX:WNX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

22W0:Germany

Address

574 Plummer Street, Building 2, Level 3, Suite 69, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.wattlehealth.com.au

Wellnex Life Ltd is a health and wellness company which is engaged in developing health and wellness products. It offers products including nutritional food products, natural baby skincare range, and nutritional health supplement range. The company offers its products through brands such as The Iron Company, Mr Bright, Nighty Night and others.

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