WiseTech Global (ASX:WTC) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is WiseTech Global 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. WiseTech Global's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

WiseTech Global's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.08). It may suggest that WiseTech Global is progressively becoming more dependent on debt to grow their business.

WiseTech Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for WiseTech Global'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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WiseTech Global LT-Debt-to-Total-Asset Chart

WiseTech Global Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

WiseTech Global Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.02	0.01	0.01	0.01	0.08

WiseTech Global LT-Debt-to-Total-Asset Calculation

WiseTech Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	20.5	/	2658.6
	=	0.01

WiseTech Global'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 )
	=	216.5	/	2767.1
	=	0.08

WiseTech Global (ASX:WTC) 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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WiseTech Global (ASX:WTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WiseTech Global Ltd (ASX:WTC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WIGBY:USA WTCHF:USA 17W:Germany

Address

72 O’Riordan Street, Unit 3a, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.wisetechglobal.com

WiseTech is a founder-led technology company that provides logistics software. WiseTech's core product suite, CargoWise, provides the best-in-class software solution for international freight-forwarding and boasts industry-leading annual customer retention rates of over 99%. CargoWise's main competition consists of in-house software solutions and manual processes, providing a large and highly winnable market opportunity for WiseTech's current and future products.

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