WINIX Co (XKRX:044340) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is WINIX Co 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. WINIX Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

WINIX Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that WINIX Co is progressively becoming more dependent on debt to grow their business.

WINIX Co LT-Debt-to-Total-Asset Historical Data

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

WINIX Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.11

0.04

0.07

0.03

WINIX Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

WINIX Co LT-Debt-to-Total-Asset Calculation

WINIX Co'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 )
	=	11872.862	/	363825.798
	=	0.03

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	11453.051	/	365198.013
	=	0.03

WINIX Co (XKRX:044340) 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.

WINIX Co LT-Debt-to-Total-Asset Related Terms

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WINIX Co (XKRX:044340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » WINIX Co Ltd (XKRX:044340) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

607 Ho 3Na Shihwa Industrial Park, 1280-10 Chungwang-Dong, Shi Heung, Gyeonggi-do, KOR, 429-450

Website

http://www.winixcorp.com

WINIX Co Ltd manufactures domestic electric appliances. Its products include refrigerator condenser, air conditioner components, water purifier, dehumidifier, tumble dryer, air cleaner, dehumidifier, natural humidifier, hot air fan, water purifier, ultrafine dust meter. It has branches in China and Thailand. The products were exported to the U.S. department store and had high export sales.

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