WD-40 Co (FRA:WD1) LT-Debt-to-Total-Asset : 0.21 (As of Feb. 2024)

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What is WD-40 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. WD-40 Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.21.

WD-40 Co's long-term debt to total assets ratio declined from Feb. 2023 (0.26) to Feb. 2024 (0.21). It may suggest that WD-40 Co is progressively becoming less dependent on debt to grow their business.

WD-40 Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for WD-40 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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WD-40 Co LT-Debt-to-Total-Asset Chart

WD-40 Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.20

0.33

0.28

0.26

WD-40 Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.26	0.26	0.21	0.21

WD-40 Co LT-Debt-to-Total-Asset Calculation

WD-40 Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	105.982	/	401.615
	=	0.26

WD-40 Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	84.731	/	409.753
	=	0.21

WD-40 Co (FRA:WD1) 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.

WD-40 Co LT-Debt-to-Total-Asset Related Terms

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WD-40 Co (FRA:WD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » WD-40 Co (FRA:WD1) » Definitions » LT-Debt-to-Total-Asset

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WDFC:USA

Address

9715 Businesspark Avenue, San Diego, CA, USA, 92131

Website

https://www.wd40company.com

WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. Around half of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.

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