HitIQ (ASX:HIQ) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is HitIQ 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. HitIQ's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

HitIQ's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.06). It may suggest that HitIQ is progressively becoming more dependent on debt to grow their business.

HitIQ LT-Debt-to-Total-Asset Historical Data

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

HitIQ Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.08

HitIQ Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	-	0.08	0.06

HitIQ LT-Debt-to-Total-Asset Calculation

HitIQ's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.286	/	3.728
	=	0.08

HitIQ's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.239	/	3.819
	=	0.06

HitIQ (ASX:HIQ) 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.

HitIQ LT-Debt-to-Total-Asset Related Terms

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HitIQ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HitIQ Ltd (ASX:HIQ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

38-42 White Street, Unit 4, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.hitiq.com

HitIQ Ltd is engaged in providing software that delivers a platform for measuring and managing head impact exposures. The Portal allows users to quantify exposures across individual players, positions, drills and periods. These insights are used to identify, manage and manipulate contact drills to reduce head impact exposures. Its operating segment includes HITIQ Mouthguard Technology and CSX Concussion Assessment App. The company generates maximum revenue from the HITIQ Mouthguard Technology segment.

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