Wilson Bayly Holmes-Ovcon (FRA:WQ9) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Wilson Bayly Holmes-Ovcon 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. Wilson Bayly Holmes-Ovcon's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Wilson Bayly Holmes-Ovcon's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Wilson Bayly Holmes-Ovcon is progressively becoming less dependent on debt to grow their business.

Wilson Bayly Holmes-Ovcon LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wilson Bayly Holmes-Ovcon'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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Wilson Bayly Holmes-Ovcon LT-Debt-to-Total-Asset Chart

Wilson Bayly Holmes-Ovcon Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

0.03

0.02

0.01

Wilson Bayly Holmes-Ovcon Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.02	0.02	0.01	0.01	0.01

Wilson Bayly Holmes-Ovcon LT-Debt-to-Total-Asset Calculation

Wilson Bayly Holmes-Ovcon'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 )
	=	6.481	/	721.194
	=	0.01

Wilson Bayly Holmes-Ovcon'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 )
	=	6.518	/	699.382
	=	0.01

Wilson Bayly Holmes-Ovcon (FRA:WQ9) 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.

Wilson Bayly Holmes-Ovcon LT-Debt-to-Total-Asset Related Terms

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Wilson Bayly Holmes-Ovcon (FRA:WQ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wilson Bayly Holmes-Ovcon Ltd (FRA:WQ9) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WBO:South Africa

Address

53 Andries Street, Wynberg, Sandton, Johannesburg, GT, ZAF, 2090

Website

https://www.wbho.co.za

Wilson Bayly Holmes-Ovcon Ltd is a South Africa-based construction company. The company's business activities encompass designing, construction, and procurement, as well as civil engineering, works for large-scale public and private projects, roads and earthworks projects, and turnkey projects. The company also provides construction materials, real estate development, and other services. Its customers predominanlty come from the retail, residential, hotel and entertainment, infrastructure, mining, energy, and oil and gas sectors. Wilson Bayly Holmes-Ovconc operates in South Africa, United Kingdom and Rest of Africa. Substantial part of the overall revenue is generated from its operations in South Africa.

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