HLP (Hongli Group) Debt-to-Asset : 0.32 (As of Jun. 2024)

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What is Hongli Group Debt-to-Asset?

Hongli Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $6.61 Mil. Hongli Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3.68 Mil. Hongli Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $32.70 Mil. Hongli Group's debt to asset for the quarter that ended in Jun. 2024 was 0.31.

Hongli Group Debt-to-Asset Historical Data

The historical data trend for Hongli Group'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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Hongli Group Debt-to-Asset Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.38

0.29

0.30

0.46

0.28

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial					0.25	0.46	0.24	0.28	0.32

Competitive Comparison of Hongli Group's Debt-to-Asset

For the Steel subindustry, Hongli Group'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.

Hongli Group's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hongli Group's Debt-to-Asset distribution charts can be found below:

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

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Hongli Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hongli Group's Debt-to-Asset for the fiscal year 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
	=	(5.772	+	3.338)	/	32.129
	=	0.28

Hongli Group's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.614	+	3.678)	/	32.698
	=	0.31

Hongli Group (NAS:HLP) 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.

Hongli Group Debt-to-Asset Related Terms

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Hongli Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.