WG Wearne (JSE:WEA) LT-Debt-to-Total-Asset : 0.08 (As of Aug. 2017)

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What is WG Wearne 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. WG Wearne's long-term debt to total assests ratio for the quarter that ended in Aug. 2017 was 0.08.

WG Wearne's long-term debt to total assets ratio declined from Aug. 2016 (0.28) to Aug. 2017 (0.08). It may suggest that WG Wearne is progressively becoming less dependent on debt to grow their business.

WG Wearne LT-Debt-to-Total-Asset Historical Data

The historical data trend for WG Wearne'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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WG Wearne LT-Debt-to-Total-Asset Chart

WG Wearne Annual Data

Trend

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

LT-Debt-to-Total-Asset

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0.50

0.46

0.42

0.32

0.13

WG Wearne Semi-Annual Data
	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.32	0.28	0.13	0.08

WG Wearne LT-Debt-to-Total-Asset Calculation

WG Wearne's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2017 is calculated as

LT Debt to Total Assets (A: Feb. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2017 )	/	Total Assets (A: Feb. 2017 )
	=	43.741	/	341.304
	=	0.13

WG Wearne's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2017 is calculated as

LT Debt to Total Assets (Q: Aug. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2017 )	/	Total Assets (Q: Aug. 2017 )
	=	24.603	/	328.591
	=	0.07

WG Wearne (JSE:WEA) 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.

WG Wearne LT-Debt-to-Total-Asset Related Terms

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WG Wearne (JSE:WEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » WG Wearne Ltd (JSE:WEA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Acacia Road, Stonemill Office Park, P.O Box 1674, 3 Kiepersol House, Cresta, ZAF, 2118

Website

http://www.wearne.co.za

WG Wearne Ltd is a supplier of materials and contracting services to the building and construction industry with a complete building material solution. The company is involved in various big construction projects such as the construction of Rand Afrikaans University, the Western Bypass, the Lesotho Highlands Water Scheme, Soccer City and FNB in Fairlands Johannesburg. It operates across South Africa with concentrated operations in Limpopo and Gauteng provinces. its products include sub base materials, concrete stone, road stone, dump rock, ballast stone, crusher sand, building sand, builders mix, plaster sand, generic concrete range, Wearne specialty concrete, high-performance concrete, base course materials and sub base materials.