Wong Fong Industries (SGX:1A1) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

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What is Wong Fong Industries 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. Wong Fong Industries's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

Wong Fong Industries's long-term debt to total assets ratio declined from Jun. 2023 (0.16) to Jun. 2024 (0.11). It may suggest that Wong Fong Industries is progressively becoming less dependent on debt to grow their business.

Wong Fong Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wong Fong Industries'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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Wong Fong Industries LT-Debt-to-Total-Asset Chart

Wong Fong Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

0.15

0.14

Wong Fong Industries Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.15	0.16	0.14	0.11

Wong Fong Industries LT-Debt-to-Total-Asset Calculation

Wong Fong Industries'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 )
	=	11.447	/	81.824
	=	0.14

Wong Fong Industries'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 )
	=	8.234	/	75.37
	=	0.11

Wong Fong Industries (SGX:1A1) 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.

Wong Fong Industries LT-Debt-to-Total-Asset Related Terms

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Wong Fong Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wong Fong Industries Ltd (SGX:1A1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

79 Joo Koon Circle, Singapore, SGP, 629107

Website

https://www.wongfongindustries.com

Wong Fong Industries Ltd is a provider of land transport engineering solutions and systems for the logistics, construction, waste management and defense industries. The group's operating segments are Engineering and Training. It generates revenue through the sale of cranes and other truck-mounted equipment including customization, engineering and installation of products and solutions for sale.

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