Hellenic Dynamics (LSE:HELD) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2023)

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What is Hellenic Dynamics 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. Hellenic Dynamics's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.13.

Hellenic Dynamics's long-term debt to total assets ratio declined from Dec. 2021 (0.30) to Sep. 2023 (0.13). It may suggest that Hellenic Dynamics is progressively becoming less dependent on debt to grow their business.

Hellenic Dynamics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hellenic Dynamics'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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Hellenic Dynamics LT-Debt-to-Total-Asset Chart

Hellenic Dynamics Annual Data

Trend

Dec19

Dec20

LT-Debt-to-Total-Asset

0.63

0.36

Hellenic Dynamics Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.36	-	0.30	0.22	0.13

Hellenic Dynamics LT-Debt-to-Total-Asset Calculation

Hellenic Dynamics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0.345	/	0.951
	=

Hellenic Dynamics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.256	/	1.93
	=

Hellenic Dynamics (LSE:HELD) 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.

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Hellenic Dynamics (LSE:HELD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hellenic Dynamics PLC (LSE:HELD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MG50:Germany

Address

21 Arlington Street, London, GBR, SW1A 1RN

Website

https://www.hellenicdynamics.com

Hellenic Dynamics PLC is engaged in the cultivation, and supply of tetrahydrocannabinol (THC) dominant strains of medical cannabis flowers, destined for the growing medical cannabis markets across Europe.

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