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NWGL (Nature Wood Group) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)


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What is Nature Wood Group 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. Nature Wood Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Nature Wood Group's long-term debt to total assets ratio declined from Sep. 2022 (0.40) to Jun. 2024 (0.00). It may suggest that Nature Wood Group is progressively becoming less dependent on debt to grow their business.

Nature Wood Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nature Wood Group'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.

Nature Wood Group LT-Debt-to-Total-Asset Chart

Nature Wood Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.30 0.45 0.26 0.24

Nature Wood Group Quarterly Data
Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only 0.40 0.26 0.01 0.24 -

Nature Wood Group LT-Debt-to-Total-Asset Calculation

Nature Wood Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=12.968/54.321
=0.24

Nature Wood Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=0.112/51.731
=

* 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.

Nature Wood Group  (NAS:NWGL) 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.

Nature Wood Group LT-Debt-to-Total-Asset Related Terms

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Nature Wood Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nature Wood Group Ltd (NAS:NWGL) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
Avenida da Amizade No. 1287, Chong Fok Centro Comercial 13 E, Macau S.A.R., MAC
Website
http://www.nature-wood.com
Nature Wood Group Ltd is a vertically-integrated forestry company that focuses on FSC business operations. It produces various products, including logs, decking, flooring, sawn timber, recycled charcoal, synthesized charcoal, machine-made charcoal, and essential oils. The Group owns natural forest concessions and cutting rights for exploiting timbers on parcels of land in Peru. The Group is organized into two operating divisions; Direct Purchase and Original Design Manufacturer (ODM) Services, and Manufacturing segments. The Direct Purchase and ODM Segment that derives the majority of revenue engages in the business of sourcing live wood and owning designed designs on wood products for sales to end customers. Geographically, the company generates a majority of its revenue from China.