Halo Food Co (ASX:HLF) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Halo Food Co 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. Halo Food Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.35.

Halo Food Co's long-term debt to total assets ratio increased from Mar. 2022 (0.13) to Mar. 2023 (0.35). It may suggest that Halo Food Co is progressively becoming more dependent on debt to grow their business.

Halo Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Halo Food Co'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.

* Premium members only.

Halo Food Co LT-Debt-to-Total-Asset Chart

Halo Food Co Annual Data

Trend

Sep17

Mar19

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.12

0.16

0.13

Halo Food Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.16	0.14	0.13	0.10	0.35

Halo Food Co LT-Debt-to-Total-Asset Calculation

Halo Food Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	11.839	/	88.467
	=	0.13

Halo Food Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	20.76	/	58.607
	=	0.35

Halo Food Co (ASX:HLF) 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.

Halo Food Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Halo Food Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Halo Food Co (ASX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halo Food Co Ltd (ASX:HLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-28 Bond Street, Level 5, Mordialloc, Melbourne, VIC, AUS, 3195

Website

https://www.halofoodco.com

Halo Food Co Ltd is engaged in the manufacturing and exporting of dairy, health, and wellness, and nutritional products, with a particular focus on formulated powdered products, ready-to-drink protein drinks. The Group earns the majority of its revenues from the sales of its proprietary products and contract manufacturing.