IHS Holding (IHS Holding) LT-Debt-to-Total-Asset : 0.67 (As of Dec. 2023)

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What is IHS Holding 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. IHS Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.67.

IHS Holding's long-term debt to total assets ratio increased from Dec. 2022 (0.54) to Dec. 2023 (0.67). It may suggest that IHS Holding is progressively becoming more dependent on debt to grow their business.

IHS Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for IHS Holding'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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IHS Holding LT-Debt-to-Total-Asset Chart

IHS Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.52

0.49

0.54

0.67

IHS Holding Quarterly Data
	Dec18	Dec19	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												0.54	0.56	0.62	0.65	0.67

IHS Holding LT-Debt-to-Total-Asset Calculation

IHS Holding'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 )
	=	3567.534	/	5364.71
	=	0.67

IHS Holding'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 )
	=	3567.534	/	5364.71
	=	0.67

IHS Holding (NYSE:IHS) 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.

IHS Holding LT-Debt-to-Total-Asset Related Terms

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IHS Holding (IHS Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » IHS Holding Ltd (NYSE:IHS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

4JB:Germany

Address

123 Victoria Street, 1 Cathedral Piazza, London, GBR, SW1E 5BP

Website

https://www.ihstowers.com

IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, most of who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria, Sub-Saharan Africa, Middle East and North Africa (MENA), and Latin America (Latam). The majority of its revenue is derived from Nigeria.