Hi Ho Silver Resources (Hi Ho Silver Resources) LT-Debt-to-Total-Asset : 0.18 (As of Apr. 2021)

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What is Hi Ho Silver Resources 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. Hi Ho Silver Resources's long-term debt to total assests ratio for the quarter that ended in Apr. 2021 was 0.18.

Hi Ho Silver Resources's long-term debt to total assets ratio increased from Apr. 2020 (0.11) to Apr. 2021 (0.18). It may suggest that Hi Ho Silver Resources is progressively becoming more dependent on debt to grow their business.

Hi Ho Silver Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hi Ho Silver Resources'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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Hi Ho Silver Resources LT-Debt-to-Total-Asset Chart

Hi Ho Silver Resources Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

LT-Debt-to-Total-Asset

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0.13

Hi Ho Silver Resources Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.13	0.17	0.17	0.18

Hi Ho Silver Resources LT-Debt-to-Total-Asset Calculation

Hi Ho Silver Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2020 is calculated as

LT Debt to Total Assets (A: Jul. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2020 )	/	Total Assets (A: Jul. 2020 )
	=	0.081	/	0.65
	=

Hi Ho Silver Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2021 is calculated as

LT Debt to Total Assets (Q: Apr. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2021 )	/	Total Assets (Q: Apr. 2021 )
	=	0.122	/	0.677
	=

Hi Ho Silver Resources (OTCPK:HHSRF) 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.

Hi Ho Silver Resources LT-Debt-to-Total-Asset Related Terms

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Hi Ho Silver Resources (Hi Ho Silver Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi Ho Silver Resources Inc (OTCPK:HHSRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Maple Ridge Square, P.O. Box 21199, Maple Ridge, BC, CAN, V2X 1P7

Website

http://www.hihoresources.com

Hi Ho Silver Resources Inc is a Canadian based exploration company. It is engaged in the acquisition and exploration of mineral properties in British Columbia, Newfoundland, Labrador, and California. The company holds an interest in Norbeau Gold Property, Fairview South Okanagan Property, and Illite Clay project.

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