HRH Next Services (NSE:HRHNEXT) Debt-to-Asset : 0.35 (As of Sep. 2023)

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What is HRH Next Services Debt-to-Asset?

HRH Next Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹97.6 Mil. HRH Next Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹10.8 Mil. HRH Next Services's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was ₹311.4 Mil. HRH Next Services's debt to asset for the quarter that ended in Sep. 2023 was 0.35.

HRH Next Services Debt-to-Asset Historical Data

The historical data trend for HRH Next Services'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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HRH Next Services Debt-to-Asset Chart

HRH Next Services Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Asset

0.31

0.24

0.34

HRH Next Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Debt-to-Asset	0.31	0.24	0.34	0.35

Competitive Comparison of HRH Next Services's Debt-to-Asset

For the Information Technology Services subindustry, HRH Next Services'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.

HRH Next Services's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, HRH Next Services's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where HRH Next Services's Debt-to-Asset falls into.

HRH Next Services Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

HRH Next Services'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
	=	(85.574	+	13.483)	/	288.229
	=	0.34

HRH Next Services's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(97.57	+	10.808)	/	311.386
	=	0.35

HRH Next Services (NSE:HRHNEXT) 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.

HRH Next Services Debt-to-Asset Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001

Website

https://www.hrhnext.com

HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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