Wide Open Agriculture (ASX:WOA) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Wide Open Agriculture 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. Wide Open Agriculture's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Wide Open Agriculture's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.14). It may suggest that Wide Open Agriculture is progressively becoming more dependent on debt to grow their business.

Wide Open Agriculture LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wide Open Agriculture'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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Wide Open Agriculture LT-Debt-to-Total-Asset Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.22

0.10

0.09

0.14

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.06	0.09	0.10	0.14	0.14

Wide Open Agriculture LT-Debt-to-Total-Asset Calculation

Wide Open Agriculture'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 )
	=	2.082	/	15.399
	=	0.14

Wide Open Agriculture'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 )
	=	2.563	/	18.849
	=	0.14

Wide Open Agriculture (ASX:WOA) 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.

Wide Open Agriculture LT-Debt-to-Total-Asset Related Terms

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Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

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