HMLPF.PFD (Hoegh LNG Partners LP) LT-Debt-to-Total-Asset : 0.30 (As of Sep. 2022)

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What is Hoegh LNG Partners LP 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. Hoegh LNG Partners LP's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.30.

Hoegh LNG Partners LP's long-term debt to total assets ratio declined from Sep. 2021 (0.37) to Sep. 2022 (0.30). It may suggest that Hoegh LNG Partners LP is progressively becoming less dependent on debt to grow their business.

Hoegh LNG Partners LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hoegh LNG Partners LP'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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Hoegh LNG Partners LP LT-Debt-to-Total-Asset Chart

Hoegh LNG Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.46

0.42

0.38

0.36

Hoegh LNG Partners LP Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.36	0.33	0.31	0.30

Hoegh LNG Partners LP LT-Debt-to-Total-Asset Calculation

Hoegh LNG Partners LP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	364.629	/	1004.008
	=	0.36

Hoegh LNG Partners LP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	305.902	/	1023.822
	=	0.30

Hoegh LNG Partners LP (OTCPK:HMLPF.PFD) 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.

Hoegh LNG Partners LP LT-Debt-to-Total-Asset Related Terms

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Hoegh LNG Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hoegh LNG Partners LP (OTCPK:HMLPF.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

GPP GLOP TNP TK NGL BKEP OSG SMLP MMLP DLNG TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12

Website

https://www.hoeghlngpartners.com

Hoegh LNG Partners LP is a floating LNG service provider, to own, operate and acquire floating storage and regasification units (FSRUs), LNG carriers and other LNG infrastructure assets.