HTCO (High-Trend International Group) LT-Debt-to-Total-Asset : 0.03 (As of Oct. 2024)

View and export this data going back to 2022. Start your Free Trial

What is High-Trend International Group 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. High-Trend International Group's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.03.

High-Trend International Group's long-term debt to total assets ratio declined from Oct. 2023 (0.19) to Oct. 2024 (0.03). It may suggest that High-Trend International Group is progressively becoming less dependent on debt to grow their business.

High-Trend International Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for High-Trend International Group'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.

* Premium members only.

High-Trend International Group LT-Debt-to-Total-Asset Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

0.25

0.12

0.07

0.19

0.03

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.07	0.12	0.19	0.08	0.03

High-Trend International Group LT-Debt-to-Total-Asset Calculation

High-Trend International Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (A: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )	/	Total Assets (A: Oct. 2024 )
	=	0.917	/	29.207
	=	0.03

High-Trend International Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	0.917	/	29.207
	=	0.03

High-Trend International Group (NAS:HTCO) 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.

High-Trend International Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of High-Trend International Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Office Unit 1125, 11th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG

Website

http://www.caravelleglobal.com

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service.