Hamid Fabrics (DHA:HFL) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Hamid Fabrics 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. Hamid Fabrics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Hamid Fabrics's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Sep. 2024 (0.14). It may suggest that Hamid Fabrics is progressively becoming more dependent on debt to grow their business.

Hamid Fabrics LT-Debt-to-Total-Asset Historical Data

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

Hamid Fabrics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.01

Hamid Fabrics Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	0.02	0.05	0.14

Hamid Fabrics LT-Debt-to-Total-Asset Calculation

Hamid Fabrics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	35.871	/	4969.981
	=	0.01

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	805.414	/	5710.62
	=	0.14

Hamid Fabrics (DHA:HFL) 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.

Hamid Fabrics LT-Debt-to-Total-Asset Related Terms

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Hamid Fabrics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hamid Fabrics PLC (DHA:HFL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

24, Gulshan C/A, Circle-2, Hamid Tower (7th Floor), Dhaka, BGD, 1212

Website

https://www.mahingroup.com

Hamid Fabrics PLC is a manufacturer of solid-dye fabric for the readymade garment industry. The company's product range includes cotton fabrics as well as blended fabrics such as cotton/polyester, cotton/viscose, nylon/cotton and cotton/lycra. The weaving unit produces grey fabrics in various designs and constructions such as Twill, Canvas, Oxford, Rib stop, Rib cord, Ottoman, Herringbone, and various dobby designs of different weight ranges. The finishing mix of Hamid Fabrics Limited comprises water repellent, fireproof, wrinkle-free, Teflon coating, aero finish and chintz finish. The company caters to the markets in the United States of American and the European Union.

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