Wizz Air Holdings (CHIX:WIZZL) LT-Debt-to-Total-Asset : 0.62 (As of Sep. 2024)

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What is Wizz Air Holdings 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. Wizz Air Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.62.

Wizz Air Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.62). It may suggest that Wizz Air Holdings is progressively becoming more dependent on debt to grow their business.

Wizz Air Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wizz Air Holdings'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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Wizz Air Holdings LT-Debt-to-Total-Asset Chart

Wizz Air Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.39

0.51

0.66

0.57

0.60

Wizz Air Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.60	-	0.62

Wizz Air Holdings LT-Debt-to-Total-Asset Calculation

Wizz Air Holdings'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 )
	=	4435.515	/	7437.92
	=	0.60

Wizz Air Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4772.701	/	7752.314
	=	0.62

Wizz Air Holdings (CHIX:WIZZl) 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.

Wizz Air Holdings LT-Debt-to-Total-Asset Related Terms

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Wizz Air Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wizz Air Holdings PLC (CHIX:WIZZl) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WZZZY:USA WZZAF:USA WIZZAIR:Hungary WIZZ:UK WI2:Germany

Address

44 The Esplanade, Saint Helier, JEY, JE4 9WG

Website

https://www.wizzair.com

Wizz Air is a prominent ultralow-cost airline group operating primarily across Europe, the Middle East, North Africa, and Northwest Asia. Founded in 2003, the company offers scheduled short-haul and medium-haul point-to-point flights under the Wizz Air brand. As of March 2024, Wizz Air operated a fleet of 208 aircraft, connecting approximately 200 destinations across 50 countries.

Wizz Air Holdings Headlines

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