Hittco Tools (BOM:531661) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Hittco Tools 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. Hittco Tools's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Hittco Tools's long-term debt to total assets ratio declined from Dec. 2023 (0.40) to Dec. 2024 (0.04). It may suggest that Hittco Tools is progressively becoming less dependent on debt to grow their business.

Hittco Tools LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hittco Tools'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.

* Premium members only.

Hittco Tools LT-Debt-to-Total-Asset Chart

Hittco Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.48

0.50

0.45

0.39

0.35

Hittco Tools Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.35	0.37	0.03	0.04

Hittco Tools LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	29.223	/	83.522
	=	0.35

Hittco Tools'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 )
	=	3.326	/	86.261
	=	0.04

Hittco Tools (BOM:531661) 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.

Hittco Tools LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hittco Tools's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hittco Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hittco Tools Ltd (BOM:531661) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

78/B, III Phase, Peenya Industrial Area, Bangalore, KA, IND, 560 058

Website

https://www.hittco.com

Hittco Tools Ltd is engaged in the manufacturing and selling of cutting tools. The products include HSS drills and taps, solid carbide tools, and CNC tool holders. Hittco precision drills and taps are available in various grades of High-Speed Steel like M-2 / M-35 / M-42. Along with India, the company is selling its products to Africa, the Middle East, and the Far East. It is engaged in one segment of the manufacture and sale of Machine tools.

Hittco Tools Headlines

No Headlines