Hammond Power Solutions (Hammond Power Solutions) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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

What is Hammond Power Solutions 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. Hammond Power Solutions's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Hammond Power Solutions's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.03). It may suggest that Hammond Power Solutions is progressively becoming more dependent on debt to grow their business.

Hammond Power Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hammond Power Solutions'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.

Hammond Power Solutions LT-Debt-to-Total-Asset Chart

Hammond Power Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.04

0.03

0.02

0.03

Hammond Power Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.03	0.02	0.02	0.03

Hammond Power Solutions LT-Debt-to-Total-Asset Calculation

Hammond Power Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	9.072	/	304.37
	=	0.03

Hammond Power Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	9.072	/	304.37
	=	0.03

Hammond Power Solutions (OTCPK:HMDPF) 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.

Hammond Power Solutions LT-Debt-to-Total-Asset Related Terms

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

Hammond Power Solutions (Hammond Power Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Power Solutions Inc (OTCPK:HMDPF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

T11:Germany HPS.A:Canada

Address

595 Southgate Drive, Guelph, ON, CAN, N1G 3W6

Website

https://www.hammondpowersolutions.com

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.

Hammond Power Solutions (Hammond Power Solutions) Headlines

From GuruFocus

The Truth About Canadian Small Caps

By Gordon Pape Gordon Pape • 03-28-2016