H&R Block (LTS:0HOB) LT-Debt-to-Total-Asset : 0.53 (As of Mar. 2024)

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What is H&R Block 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. H&R Block's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.53.

H&R Block's long-term debt to total assets ratio declined from Mar. 2023 (0.53) to Mar. 2024 (0.53). It may suggest that H&R Block is progressively becoming less dependent on debt to grow their business.

H&R Block LT-Debt-to-Total-Asset Historical Data

The historical data trend for H&R Block'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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H&R Block LT-Debt-to-Total-Asset Chart

H&R Block Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.45

0.62

0.47

0.53

0.56

H&R Block Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.56	0.68	0.90	0.53

H&R Block LT-Debt-to-Total-Asset Calculation

H&R Block's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1729.517	/	3072.258
	=	0.56

H&R Block's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1705.56	/	3213.322
	=	0.53

H&R Block (LTS:0HOB) 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.

H&R Block LT-Debt-to-Total-Asset Related Terms

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H&R Block (LTS:0HOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » H&R Block Inc (LTS:0HOB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

One H&R Block Way, Kansas City, MO, USA, 64105

Website

https://www.hrblock.com

H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.

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