Hercules Site Services (LSE:HERC) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Hercules Site Services 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. Hercules Site Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Hercules Site Services's long-term debt to total assets ratio declined from Sep. 2023 (0.29) to Sep. 2024 (0.03). It may suggest that Hercules Site Services is progressively becoming less dependent on debt to grow their business.

Hercules Site Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hercules Site Services'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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Hercules Site Services LT-Debt-to-Total-Asset Chart

Hercules Site Services Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.29

0.35

0.32

0.29

0.03

Hercules Site Services Semi-Annual Data
	Sep17	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.32	0.36	0.29	0.29	0.03

Hercules Site Services LT-Debt-to-Total-Asset Calculation

Hercules Site Services'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 )
	=	1.316	/	47.518
	=	0.03

Hercules Site Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1.316	/	47.518
	=	0.03

Hercules Site Services (LSE:HERC) 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.

Hercules Site Services LT-Debt-to-Total-Asset Related Terms

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Hercules Site Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hercules Site Services PLC (LSE:HERC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Broadway Lane, South Cerney, Lakeside Business Park, Hercules Court, Cirencester, GBR, GL7 5XZ

Website

https://www.hercules-construction.co.uk

Hercules Site Services PLC provides labour and construction services to blue-chip clients in the UK infrastructure sector. has four reportable segments: Labour supply, civil projects, the provision of suction excavator services and other activities. It generates maximum revenue from Labour supply segment. Labour supply is its core business, supplying skilled and qualified labour to construction companies to deliver key infrastructure, civil engineering, utilities, groundworks, highway, and railway projects. Its construction services business is made up of Civil Projects, where it partners with contractors to provide end-to-end project delivery for civil engineering contracts, and Specialist Plant Hire, where the company hires out its fleet of suction excavators.