hipages Group Holdings (ASX:HPG) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is hipages Group Holdings 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. hipages Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

hipages Group Holdings's long-term debt to total assets ratio declined from Dec. 2023 (0.14) to Dec. 2024 (0.13). It may suggest that hipages Group Holdings is progressively becoming less dependent on debt to grow their business.

hipages Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for hipages Group Holdings'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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hipages Group Holdings LT-Debt-to-Total-Asset Chart

hipages Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.10

0.17

0.15

0.13

hipages Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.16	0.15	0.14	0.13	0.13

hipages Group Holdings LT-Debt-to-Total-Asset Calculation

hipages Group Holdings'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 )
	=	8.126	/	63.811
	=	0.13

hipages Group Holdings'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 )
	=	8.064	/	64.648
	=	0.12

hipages Group Holdings (ASX:HPG) 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.

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hipages Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » hipages Group Holdings Ltd (ASX:HPG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.hipagesgroup.com.au

hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers in order to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (hipages online tradie platform), and New Zealand (Builderscrack online tradie platform). The company generates majority of its revenue from Australia.

hipages Group Holdings Headlines

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