Wajax (TSX:WJX) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

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What is Wajax 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. Wajax's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Wajax's long-term debt to total assets ratio declined from Dec. 2023 (0.32) to Dec. 2024 (0.29). It may suggest that Wajax is progressively becoming less dependent on debt to grow their business.

Wajax LT-Debt-to-Total-Asset Historical Data

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

Wajax Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.36

0.27

0.21

0.32

0.29

Wajax Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.29	0.28	0.32	0.29

Wajax LT-Debt-to-Total-Asset Calculation

Wajax's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	451.073	/	1547.624
	=	0.29

Wajax's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	451.073	/	1547.624
	=	0.29

Wajax (TSX:WJX) 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.

Wajax LT-Debt-to-Total-Asset Related Terms

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Wajax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Wajax Corp (TSX:WJX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WJXFF:USA 5WJ:Germany

Address

10 Diesel Drive, Toronto, ON, CAN, M8W 2T8

Website

https://www.wajax.com

Wajax Corp operates an integrated distribution system, providing sales, parts and services to a broad range of customers in diversified sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.

Executives

David Glenson Smith	Director
Elizabeth Summers	Director
Edward Malcolm Barrett	Director
Jane Craighead	Director
Robert Charles Beaudry	Senior Officer
John Clifford Eby	Director
Thomas Malcolm Alford	Director
Trevor Carson	Senior Officer
Alexander S. Taylor	Director
Robert P. Dexter	Director
Alan Mark Foote	Director
Sylvia Dolores Chrominska	Director
Donna Jean Baratto	Senior Officer
Steven Deck	Senior Officer
Andrew Tam	Senior Officer

Wajax Headlines

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