HMFAF (Hammond Manufacturing Co) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Hammond Manufacturing Co 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. Hammond Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Hammond Manufacturing Co's long-term debt to total assets ratio declined from Dec. 2023 (0.08) to Dec. 2024 (0.08). It may suggest that Hammond Manufacturing Co is progressively becoming less dependent on debt to grow their business.

Hammond Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hammond Manufacturing Co'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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Hammond Manufacturing Co LT-Debt-to-Total-Asset Chart

Hammond Manufacturing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.12

0.10

0.08

Hammond Manufacturing Co 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															0.08	0.08	0.09	0.08	0.08

Hammond Manufacturing Co LT-Debt-to-Total-Asset Calculation

Hammond Manufacturing Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	11.855	/	150.761
	=	0.08

Hammond Manufacturing Co'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 )
	=	11.855	/	150.761
	=	0.08

Hammond Manufacturing Co (OTCPK:HMFAF) 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.

Hammond Manufacturing Co LT-Debt-to-Total-Asset Related Terms

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Hammond Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Manufacturing Co Ltd (OTCPK:HMFAF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HMM.A:Canada

Address

394 Edinburgh Road North, Guelph, ON, CAN, N1H 1E5

Website

https://www.hammfg.com

Hammond Manufacturing Co Ltd is involved in the design, manufacture and sale of electrical and electronic components. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States. The Company operates in one operating segment, electrical and electronic components. The Company generates revenue through the manufacturing and sales of industrial enclosures, electronic enclosures, racks and cabinets, transformers and other products.

Hammond Manufacturing Co Headlines

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