Horizon North Logistics private (Horizon North Logistics private) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2020)

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What is Horizon North Logistics private 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. Horizon North Logistics private's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 0.29.

Horizon North Logistics private's long-term debt to total assets ratio increased from Mar. 2019 (0.11) to Mar. 2020 (0.29). It may suggest that Horizon North Logistics private is progressively becoming more dependent on debt to grow their business.

Horizon North Logistics private LT-Debt-to-Total-Asset Historical Data

The historical data trend for Horizon North Logistics private'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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Horizon North Logistics private LT-Debt-to-Total-Asset Chart

Horizon North Logistics private Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.12

0.16

0.15

0.07

0.26

Horizon North Logistics private Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.16	0.22	0.26	0.29

Horizon North Logistics private LT-Debt-to-Total-Asset Calculation

Horizon North Logistics private's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	97.36	/	368.223
	=	0.26

Horizon North Logistics private's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )	/	Total Assets (Q: Mar. 2020 )
	=	99.335	/	340.996
	=	0.29

Horizon North Logistics private (OTCPK:HZNOF) 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.

Horizon North Logistics private LT-Debt-to-Total-Asset Related Terms

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Horizon North Logistics private (Horizon North Logistics private) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon North Logistics Inc private (OTCPK:HZNOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

240-4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 4H4

Website

http://www.horizonnorth.ca

Horizon North Logistics Inc is a Canadian company which provides a range of industrial services and modular construction solutions. The operating segments of the company are Camps and Catering, Rentals and Logistics, and Modular Solutions. Camps and Catering segment includes camp management services, access solutions, and maintenance and utility services as well as handles catering operations. The Rentals and Logistics include all rental operations, mat rental operations, relocatable structures rental operations, transportation operations, and associated services. Its Modular Solutions comprised of all modular manufacturing and installation operations for commercial and residential end markets. Most of the company's revenue comes from Camps and Catering segment.

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