HNNA (Hennessy Advisors) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2024)

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What is Hennessy Advisors 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. Hennessy Advisors's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.26.

Hennessy Advisors's long-term debt to total assets ratio declined from Dec. 2023 (0.27) to Dec. 2024 (0.26). It may suggest that Hennessy Advisors is progressively becoming less dependent on debt to grow their business.

Hennessy Advisors LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hennessy Advisors'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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Hennessy Advisors LT-Debt-to-Total-Asset Chart

Hennessy Advisors Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.01

0.27

0.26

Hennessy Advisors 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															0.27	0.27	0.27	0.26	0.26

Hennessy Advisors LT-Debt-to-Total-Asset Calculation

Hennessy Advisors's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	40.172	/	152.099
	=	0.26

Hennessy Advisors'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 )
	=	40.164	/	153.298
	=	0.26

Hennessy Advisors (NAS:HNNA) 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.

Hennessy Advisors LT-Debt-to-Total-Asset Related Terms

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Hennessy Advisors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hennessy Advisors Inc (NAS:HNNA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945

Website

https://www.hennessyadvisors.com

Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced, and fixed income products. It also provides investment advisory services and shareholder services to the Hennessy Funds which include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities as per the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.

Executives

Daniel B Steadman	director, officer: Executive Vice President	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kiera Newton	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Thomas L Seavey	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Susan Weber Pomilia	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Neil J Hennessy	director, 10 percent owner, officer: President and CEO	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Knight Oriordan Lydia D	director	7240 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Rodger Offenbach	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Brian A Hennessey	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Teresa M Nilsen	director, officer: EVP, CFO and Secretary	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kathryn Fahy	officer: SVP and CFO	7250 REDWOOD BOULEVARD, SUITE 200, NOVATO CA 94945
Daniel G Libarie	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Charles W Bennett	director	700 IRWIN STREET, SAN RAFAEL CA 94901-3300
Henry Hansel	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945