Wabash National (FRA:WA9) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Wabash National 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. Wabash National's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Wabash National's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.29). It may suggest that Wabash National is progressively becoming less dependent on debt to grow their business.

Wabash National LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wabash National'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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Wabash National LT-Debt-to-Total-Asset Chart

Wabash National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.39

0.33

0.29

Wabash National 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															0.30	0.30	0.29	0.29	0.29

Wabash National LT-Debt-to-Total-Asset Calculation

Wabash National'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 )
	=	363.558	/	1249.7
	=	0.29

Wabash National'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 )
	=	364.901	/	1268.247
	=	0.29

Wabash National (FRA:WA9) 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.

Wabash National LT-Debt-to-Total-Asset Related Terms

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Wabash National (FRA:WA9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wabash National Corp (FRA:WA9) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WNC:USA

Address

3900 McCarty Lane, Lafayette, IN, USA, 47905

Website

https://ir.onewabash.com

Wabash National Corp operates as the innovation leader of connected solutions for the transportation, logistics and distribution industries. The company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from the first to the final mile. It designs and manufactures a diverse range of products, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food-grade processing equipment.

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