FHYDF (First Hydrogen) LT-Debt-to-Total-Asset : 1.49 (As of Sep. 2024)

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What is First Hydrogen 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. First Hydrogen's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.49.

First Hydrogen's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (1.49). It may suggest that First Hydrogen is progressively becoming more dependent on debt to grow their business.

First Hydrogen LT-Debt-to-Total-Asset Historical Data

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

First Hydrogen Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.22

1.04

First Hydrogen Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.82	1.04	1.23	1.49

First Hydrogen LT-Debt-to-Total-Asset Calculation

First Hydrogen'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 )
	=	1.65	/	1.591
	=

First Hydrogen'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 )
	=	2.062	/	1.386
	=

First Hydrogen (OTCPK:FHYDF) 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.

First Hydrogen LT-Debt-to-Total-Asset Related Terms

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First Hydrogen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » First Hydrogen Corp (OTCPK:FHYDF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

FIT:Germany FHYD:Canada

Address

1100 Melville Street, Suite 1540, Vancouver, BC, CAN, V6E4A6

Website

https://www.firsthydrogen.com

First Hydrogen Corp is a Vancouver Canada and London UK-based company focused on zero-emission vehicles, green hydrogen production, and distribution and supercritical carbon dioxide extractor systems in in UK, EU, and North America. Geographically the company operates in the UK and Canada.