HSHP (Himalaya Shipping) LT-Debt-to-Total-Asset : 0.78 (As of Dec. 2024)

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What is Himalaya Shipping 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. Himalaya Shipping's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.78.

Himalaya Shipping's long-term debt to total assets ratio increased from Dec. 2023 (0.70) to Dec. 2024 (0.78). It may suggest that Himalaya Shipping is progressively becoming more dependent on debt to grow their business.

Himalaya Shipping LT-Debt-to-Total-Asset Historical Data

The historical data trend for Himalaya Shipping'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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Himalaya Shipping LT-Debt-to-Total-Asset Chart

Himalaya Shipping Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.34

0.70

0.78

Himalaya Shipping Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.70	0.75	0.78	0.78	0.78

Himalaya Shipping LT-Debt-to-Total-Asset Calculation

Himalaya Shipping'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 )
	=	689.583	/	880.101
	=	0.78

Himalaya Shipping'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 )
	=	689.583	/	880.101
	=	0.78

Himalaya Shipping (NYSE:HSHP) 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.

Himalaya Shipping LT-Debt-to-Total-Asset Related Terms

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Himalaya Shipping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (NYSE:HSHP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HSHIPO:Sweden HSHP:Norway HSHPo:UK J1X:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S E Pearman Building, Hamilton, BMU, HM 11

Website

https://www.himalaya-shipping.com

Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.