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WFLDF (Wellfield Technologies) LT-Debt-to-Total-Asset : 0.42 (As of Dec. 2024)


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What is Wellfield Technologies 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. Wellfield Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.42.

Wellfield Technologies's long-term debt to total assets ratio increased from Dec. 2023 (0.21) to Dec. 2024 (0.42). It may suggest that Wellfield Technologies is progressively becoming more dependent on debt to grow their business.

Wellfield Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wellfield Technologies'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.

* Premium members only.

Wellfield Technologies LT-Debt-to-Total-Asset Chart

Wellfield Technologies Annual Data
Trend Dec19 Dec20 Dec21 Mar23 Mar24
LT-Debt-to-Total-Asset
- - - - 0.40

Wellfield Technologies Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.40 0.41 0.42 0.42

Wellfield Technologies LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )/Total Assets (A: Mar. 2024 )
=4.902/12.311
=0.40

Wellfield Technologies'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 )
=4.658/11.234
=0.41

* 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.

Wellfield Technologies  (OTCPK:WFLDF) 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.

Wellfield Technologies LT-Debt-to-Total-Asset Related Terms

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Wellfield Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellfield Technologies Inc (OTCPK:WFLDF) » Definitions » LT-Debt-to-Total-Asset
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K8D:Germany WFLD:Canada
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Website
https://www.wellfield.io
Wellfield Technologies Inc is engaged in decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain-based consumer products. The company's brands include Seamless - the company's protocol layer and MoneyClip - the company's application layer brand. The company's brands include Coinmama, Wellfield Capital, and Wellfield Gold.