Willdan Group (FRA:J2A) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Willdan Group 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. Willdan Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Willdan Group's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.24). It may suggest that Willdan Group is progressively becoming less dependent on debt to grow their business.

Willdan Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Willdan Group'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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Willdan Group LT-Debt-to-Total-Asset Chart

Willdan Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.28

0.25

0.24

Willdan Group 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															0.25	0.03	0.26	0.24	0.24

Willdan Group LT-Debt-to-Total-Asset Calculation

Willdan Group'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 )
	=	91.628	/	381.094
	=	0.24

Willdan Group'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 )
	=	89.821	/	375.268
	=	0.24

Willdan Group (FRA:J2A) 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.

Willdan Group LT-Debt-to-Total-Asset Related Terms

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Willdan Group (FRA:J2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Willdan Group Inc (FRA:J2A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WLDN:USA J2A:Germany

Address

2401 East Katella Avenue, Suite 300, Anaheim, CA, USA, 92806

Website

https://www.willdan.com

Willdan Group Inc is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. It operates in the business segments of Energy and Engineering and Consulting. It generates the majority of its revenue from the Energy segment, which includes services such as audit and surveys, program design, master planning, benchmarking analyses, design engineering, construction management, performance contracting, installation, advances in software and data analytics, and other services. All of its revenue is derived from the domestic market.

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