Westbridge Renewable Energy (TSXV:WEB) LT-Debt-to-Total-Asset : 0.02 (As of Feb. 2024)

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What is Westbridge Renewable Energy 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. Westbridge Renewable Energy's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.02.

Westbridge Renewable Energy's long-term debt to total assets ratio declined from Feb. 2023 (0.45) to Feb. 2024 (0.02). It may suggest that Westbridge Renewable Energy is progressively becoming less dependent on debt to grow their business.

Westbridge Renewable Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Westbridge Renewable Energy'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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Westbridge Renewable Energy LT-Debt-to-Total-Asset Chart

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.05

0.02

Westbridge Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.51	0.67	0.02	0.02

Westbridge Renewable Energy LT-Debt-to-Total-Asset Calculation

Westbridge Renewable Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	1.283	/	57.814
	=

Westbridge Renewable Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	1.35	/	79.435
	=

Westbridge Renewable Energy (TSXV:WEB) 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.

Westbridge Renewable Energy LT-Debt-to-Total-Asset Related Terms

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Westbridge Renewable Energy (TSXV:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Westbridge Renewable Energy Corp (TSXV:WEB) » Definitions » LT-Debt-to-Total-Asset

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WEGYF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.

Executives

Pandelis Vassilakakis

Senior Officer