Highway Holdings (Highway Holdings) Debt-to-Asset : 0.11 (As of Dec. 2023)

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What is Highway Holdings Debt-to-Asset?

Highway Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.59 Mil. Highway Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.01 Mil. Highway Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $14.41 Mil. Highway Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.11.

Highway Holdings Debt-to-Asset Historical Data

The historical data trend for Highway Holdings'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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Highway Holdings Debt-to-Asset Chart

Highway Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.16

0.13

0.08

0.15

Highway Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.04	0.15	0.15	0.11

Competitive Comparison of Highway Holdings's Debt-to-Asset

For the Metal Fabrication subindustry, Highway Holdings'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.

Highway Holdings's Debt-to-Asset Distribution in the Industrial Products Industry

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

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

Highway Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Highway Holdings'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
	=	(0.573	+	1.482)	/	13.883
	=	0.15

Highway Holdings'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
	=	(0.586	+	1.013)	/	14.414
	=	0.11

Highway Holdings (NAS:HIHO) 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.

Highway Holdings Debt-to-Asset Related Terms

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Highway Holdings (Highway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Highway Holdings Ltd (NAS:HIHO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 18, Landmark North 39 Lung Sum Avenue, Suite No.1801, Sheung Shui, New Territories, Hong Kong, HKG

Website

https://www.highwayholdings.com

Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. The metal stamping segment focuses on the manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of its revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.

Executives

Zeff Capital, Lp

10 percent owner

400 S. MCCADDEN PL., LOS ANGELES CA 90020