GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (OTCPK:HXGCF) » Definitions » LT-Debt-to-Total-Asset

Hexagon Composites ASA (Hexagon Composites ASA) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Hexagon Composites ASA 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. Hexagon Composites ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Hexagon Composites ASA's long-term debt to total assets ratio declined from Mar. 2023 (0.27) to Mar. 2024 (0.06). It may suggest that Hexagon Composites ASA is progressively becoming less dependent on debt to grow their business.

Hexagon Composites ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hexagon Composites ASA'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.

Hexagon Composites ASA LT-Debt-to-Total-Asset Chart

Hexagon Composites ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.23 0.21 0.25 0.06

Hexagon Composites ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.23 0.20 0.06 0.06

Hexagon Composites ASA LT-Debt-to-Total-Asset Calculation

Hexagon Composites ASA'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 )
=36.709/609.333
=0.06

Hexagon Composites ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=36.094/653.113
=0.06

* 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.

Hexagon Composites ASA  (OTCPK:HXGCF) 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.

Hexagon Composites ASA LT-Debt-to-Total-Asset Related Terms

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

Hexagon Composites ASA (Hexagon Composites ASA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (OTCPK:HXGCF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
OSL:ELO OSL:BEWI BALL AVY PKG AMCR IP CCK SZSE:002812 WRK DUB:SK3 XSWX:SIGN TSX:CCL.A BERY GPK REYN SON LSE:SMDS SEE SLGN
Traded in Other Exchanges
HEXO:Sweden HEX:Norway 0EOF:UK 2HX:Germany 2HX:Germany 2HX:Germany
Address
Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Website
https://www.hexagongroup.com
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.