HERXF (Heroux-Devtek) LT-Debt-to-Total-Asset : 0.22 (As of Jun. 2024)

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What is Heroux-Devtek 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. Heroux-Devtek's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.22.

Heroux-Devtek's long-term debt to total assets ratio increased from Jun. 2023 (0.21) to Jun. 2024 (0.22). It may suggest that Heroux-Devtek is progressively becoming more dependent on debt to grow their business.

Heroux-Devtek LT-Debt-to-Total-Asset Historical Data

The historical data trend for Heroux-Devtek'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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Heroux-Devtek LT-Debt-to-Total-Asset Chart

Heroux-Devtek Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.30

0.28

0.20

0.22

Heroux-Devtek Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.24	0.24	0.22	0.22

Heroux-Devtek LT-Debt-to-Total-Asset Calculation

Heroux-Devtek's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	149.057	/	673.333
	=	0.22

Heroux-Devtek's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	144.342	/	671.708
	=	0.21

Heroux-Devtek (OTCPK:HERXF) 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.

Heroux-Devtek LT-Debt-to-Total-Asset Related Terms

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Heroux-Devtek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heroux-Devtek Inc (OTCPK:HERXF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

5D6:Germany HRX:Canada

Address

1111 Saint-Charles Ouest, Suite 600, Tour Ouest, Complexe Saint-Charles, Longueuil, QC, CAN, J4K 5G4

Website

https://www.herouxdevtek.com

Heroux-Devtek Inc designs develops, manufactures, and repairs landing gear and actuation systems and components for the aerospace market. It also provides hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. Geographically, the company generates a majority of its revenue from the United States and the rest from the United Kingdom, Canada, Spain, and other regions.