Hargreaves Services (AQSE:HSP.GB) LT-Debt-to-Total-Asset : 0.04 (As of Nov. 2023)

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What is Hargreaves Services 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. Hargreaves Services's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.04.

Hargreaves Services's long-term debt to total assets ratio declined from Nov. 2022 (0.06) to Nov. 2023 (0.04). It may suggest that Hargreaves Services is progressively becoming less dependent on debt to grow their business.

Hargreaves Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hargreaves Services'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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Hargreaves Services LT-Debt-to-Total-Asset Chart

Hargreaves Services Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.14

0.04

0.07

Hargreaves Services Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.06	0.07	0.04

Hargreaves Services LT-Debt-to-Total-Asset Calculation

Hargreaves Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	20.839	/	305.828
	=	0.07

Hargreaves Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	13.874	/	312.828
	=	0.04

Hargreaves Services (AQSE:HSP.GB) 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.

Hargreaves Services LT-Debt-to-Total-Asset Related Terms

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Hargreaves Services (AQSE:HSP.GB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hargreaves Services PLC (AQSE:HSP.GB) » Definitions » LT-Debt-to-Total-Asset

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HSP:UK

Address

West Terrace, Esh Winning, Durham, GBR, DH7 9PT

Website

https://www.hsgplc.co.uk

Hargreaves Services PLC delivers projects and services in the infrastructure, energy, and property sectors, supporting key industries within the UK and South East Asia. The company's business segments are Services and Hargreaves Land. It generates maximum revenue from the Services segment. The Services segment provides materials handling, mechanical and electrical engineering, land restoration, logistics and bulk earthmoving into the energy, environmental, infrastructure and industrial sectors.

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