Hittco Tools (BOM:531661) Debt-to-Asset : 0.49 (As of Dec. 2023)

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What is Hittco Tools Debt-to-Asset?

Hittco Tools's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹7.23 Mil. Hittco Tools's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹31.41 Mil. Hittco Tools's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ₹78.39 Mil. Hittco Tools's debt to asset for the quarter that ended in Dec. 2023 was 0.49.

Hittco Tools Debt-to-Asset Historical Data

The historical data trend for Hittco Tools's Debt-to-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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Hittco Tools Debt-to-Asset Chart

Hittco Tools Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.46

0.50

0.52

0.53

0.47

Hittco Tools Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															-	0.47	0.47	0.48	0.49

Competitive Comparison of Hittco Tools's Debt-to-Asset

For the Tools & Accessories subindustry, Hittco Tools's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hittco Tools's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hittco Tools's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Hittco Tools's Debt-to-Asset falls into.

Hittco Tools Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hittco Tools's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.684	+	32.586)	/	84.38
	=	0.47

Hittco Tools's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7.231	+	31.406)	/	78.387
	=	0.49

Hittco Tools (BOM:531661) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Hittco Tools Debt-to-Asset Related Terms

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Hittco Tools (BOM:531661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hittco Tools Ltd (BOM:531661) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No 19, Ali Asker Road, HTC Aspire, 2nd Floor, Bangalore, KA, IND, 560052

Website

https://www.hittco.com

Hittco Tools Ltd is engaged in the manufacturing and selling of cutting tools. The products include HSS drills and taps, solid carbide tools, and CNC tool holders. Hittco precision drills and taps are available in various grades of High-Speed Steel like M-2 / M-35 / M-42. Along with India, the company is selling its products to Africa, the Middle East, and the Far East. It is engaged in one segment of the manufacture and sale of Machine tools.

Hittco Tools (BOM:531661) Headlines

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