Water Ways Technologies (Water Ways Technologies) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Water Ways 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. Water Ways Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Water Ways Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.10). It may suggest that Water Ways Technologies is progressively becoming more dependent on debt to grow their business.

Water Ways Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Water Ways 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.

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Water Ways Technologies LT-Debt-to-Total-Asset Chart

Water Ways Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.07

0.10

Water Ways Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.06	0.05	0.10

Water Ways Technologies LT-Debt-to-Total-Asset Calculation

Water Ways Technologies'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 )
	=	0.448	/	4.447
	=	0.10

Water Ways Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.448	/	4.447
	=	0.10

Water Ways Technologies (OTCPK:WWTIF) 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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Water Ways Technologies (Water Ways Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Water Ways Technologies Inc (OTCPK:WWTIF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WWT:Germany WWT:Canada

Address

77 King Street West, Suite 3000, P.O. Box 95, TD Centre, Toronto, ON, CAN, M5K 1G8

Website

https://www.water-ways-technologies.com

Water Ways Technologies Inc is an agro-tech company that specializes in providing water irrigation solutions to agricultural producers. It designs, supplies and installs an irrigation system for application in various agricultural and aquacultural operations. The company has an operation in China, Mexico, Peru, Laos, Ethiopia, and Georgia.