Hyve Group (Hyve Group) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2022)

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What is Hyve 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. Hyve Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.22.

Hyve Group's long-term debt to total assets ratio declined from Sep. 2021 (0.29) to Sep. 2022 (0.22). It may suggest that Hyve Group is progressively becoming less dependent on debt to grow their business.

Hyve Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hyve 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.

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Hyve Group LT-Debt-to-Total-Asset Chart

Hyve Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.21

0.20

0.25

0.29

0.22

Hyve Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.34	0.29	0.21	0.22

Hyve Group LT-Debt-to-Total-Asset Calculation

Hyve Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	118.834	/	543.165
	=	0.22

Hyve Group'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 )
	=	118.834	/	543.165
	=	0.22

Hyve Group (OTCPK:ITEGY) 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.

Hyve Group LT-Debt-to-Total-Asset Related Terms

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Hyve Group (Hyve Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hyve Group PLC (OTCPK:ITEGY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Kingdom Street, London, GBR, W2 6JG

Website

https://hyve.group

Hyve Group PLC is a United Kingdom-based company engaged in the organization of trade exhibitions and conferences and related activities. . The company has three operating segments are EdTech & Natural Resources; Retail, Manufacturing & Engineering; and RetailTech & FinTech and the majority of its revenue generates from RetailTech & FinTech. The company's geographical segment includes, United Kingdom, Asia, United States of America and Rest of the world and majority of its revenue generates from United kingdom.