Wetteri Oyj (OHEL:WETTERI) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2023)

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What is Wetteri Oyj 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. Wetteri Oyj's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.29.

Wetteri Oyj's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2023 (0.29). It may suggest that Wetteri Oyj is progressively becoming more dependent on debt to grow their business.

Wetteri Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wetteri Oyj'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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Wetteri Oyj LT-Debt-to-Total-Asset Chart

Wetteri Oyj Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.21

0.22

0.25

0.20

0.25

Wetteri Oyj Quarterly Data
	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.25	0.20	0.30	0.29

Wetteri Oyj LT-Debt-to-Total-Asset Calculation

Wetteri Oyj's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	38.774	/	154.595
	=

Wetteri Oyj's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	64.36	/	220.544
	=	0.29

Wetteri Oyj (OHEL:WETTERI) 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.

Wetteri Oyj LT-Debt-to-Total-Asset Related Terms

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Wetteri Oyj (OHEL:WETTERI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wetteri Oyj (OHEL:WETTERI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Äimäkuja 2-3, Oulu, FIN, 90400

Website

https://www.sijoittajat.wetteri.fi

Wetteri Oyj is an entrepreneur-led growth company in the automotive industry. In addition to the retail trade of passenger, utility and heavy-duty vehicles, the company produces maintenance and damage repair services from passenger cars to heavy equipment.

Wetteri Oyj (OHEL:WETTERI) Headlines

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