Hills (ASX:HIL) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2022)

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What is Hills 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. Hills's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.07.

Hills's long-term debt to total assets ratio declined from Dec. 2021 (0.37) to Dec. 2022 (0.07). It may suggest that Hills is progressively becoming less dependent on debt to grow their business.

Hills LT-Debt-to-Total-Asset Historical Data

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

Hills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

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0.17

0.16

0.20

0.27

0.10

Hills Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.27	0.37	0.10	0.07

Hills LT-Debt-to-Total-Asset Calculation

Hills's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	3.386	/	35.822
	=	0.09

Hills's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	1.899	/	29.117
	=	0.07

Hills (ASX:HIL) 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.

Hills LT-Debt-to-Total-Asset Related Terms

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Hills (ASX:HIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hills Ltd (ASX:HIL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3-29 Birnie Avenue, Unit 1, Building F, Lidcombe, NSW, AUS, 2141

Website

https://www.hills.com.au

Hills Ltd provides technology products and service solutions. Its segments include Hills Health Solutions and Hills Distribution. Hills Health Solutions is engaged in the design, supply, and installation of health technology solutions, nurse call and patient engagement, and other related solutions including security, Wi-Fi, and telephony into the health and aged care sectors. Hills Distribution is engaged in providing a diverse range of products and solutions to assist customers, support end-users within the Satellite, Security, Surveillance, and IT markets. The company earns the majority of its revenue from the Hills Distribution segment. Geographically, the company operates in Australia and New Zealand.