WANG & LEE Group (WANG & LEE Group) Debt-to-Asset : 0.17 (As of Dec. 2023)

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What is WANG & LEE Group Debt-to-Asset?

WANG & LEE Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.27 Mil. WANG & LEE Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.68 Mil. WANG & LEE Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $11.79 Mil. WANG & LEE Group's debt to asset for the quarter that ended in Dec. 2023 was 0.17.

WANG & LEE Group Debt-to-Asset Historical Data

The historical data trend for WANG & LEE Group's Debt-to-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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WANG & LEE Group Debt-to-Asset Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.17

0.42

0.36

0.17

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.42	0.48	0.36	0.13	0.17

Competitive Comparison of WANG & LEE Group's Debt-to-Asset

For the Engineering & Construction subindustry, WANG & LEE Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WANG & LEE Group's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Debt-to-Asset falls into.

WANG & LEE Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

WANG & LEE Group's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.273	+	0.677)	/	11.791
	=	0.17

WANG & LEE Group's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.273	+	0.677)	/	11.791
	=	0.17

WANG & LEE Group (NAS:WLGS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

WANG & LEE Group Debt-to-Asset Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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