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Wonder Electricals (NSE:WEL) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)


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What is Wonder Electricals 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. Wonder Electricals's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Wonder Electricals's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.03). It may suggest that Wonder Electricals is progressively becoming less dependent on debt to grow their business.

Wonder Electricals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wonder Electricals'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.

* Premium members only.

Wonder Electricals LT-Debt-to-Total-Asset Chart

Wonder Electricals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.01 0.01 0.01 0.03 0.02

Wonder Electricals Quarterly Data
Mar19 Sep19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 - 0.02 - 0.03

Wonder Electricals LT-Debt-to-Total-Asset Calculation

Wonder Electricals'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 )
=71.279/3524.755
=0.02

Wonder Electricals'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 )
=85.582/2748.563
=0.03

* 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.

Wonder Electricals  (NSE:WEL) 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.

Wonder Electricals LT-Debt-to-Total-Asset Related Terms

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Wonder Electricals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Wonder Electricals Ltd (NSE:WEL) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
543449:India
Address
Plot No. 45, Okhla Industrial Estate, Phase-III, Ground Floor, New Delhi, IND, 110020
Website
https://www.wonderelectricals.com
Wonder Electricals Ltd is engaged in the manufacturing of ceiling fans, exhaust, pedestal, and brushless DC fans. Geographically the activities are carried out throughout India.