The Western Investment Company of Canada (TSXV:WI) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2023)

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What is The Western Investment Company of Canada 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. The Western Investment Company of Canada's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.13.

The Western Investment Company of Canada's long-term debt to total assets ratio declined from Sep. 2022 (0.25) to Sep. 2023 (0.13). It may suggest that The Western Investment Company of Canada is progressively becoming less dependent on debt to grow their business.

The Western Investment Company of Canada LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Western Investment Company of Canada'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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The Western Investment Company of Canada LT-Debt-to-Total-Asset Chart

The Western Investment Company of Canada Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.14

0.23

0.25

0.33

The Western Investment Company of Canada Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.33	0.12	0.14	0.13

The Western Investment Company of Canada LT-Debt-to-Total-Asset Calculation

The Western Investment Company of Canada'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 )
	=	6.083	/	18.615
	=	0.33

The Western Investment Company of Canada'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 )
	=	2.586	/	19.913
	=	0.13

The Western Investment Company of Canada (TSXV:WI) 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.

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The Western Investment Company of Canada (TSXV:WI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Western Investment Company of Canada Ltd (TSXV:WI) » Definitions » LT-Debt-to-Total-Asset

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Address

1010 - 24th Street SE, High River, AB, CAN, T1V 2A7

Website

https://www.winv.ca

The Western Investment Company of Canada Ltd is a Canada-based investment company. Its purpose is to create long-term wealth for shareholders by building and maintaining a portfolio of stable and profitable Western-based companies and helping them to grow and prosper. The company's strategy is to acquire a diversified portfolio of established Western Canadian private businesses and create value through the identification, acquisition, and long-term ownership of private businesses with sustained cash flows and potential for organic growth.

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