HRH Next Services (NSE:HRHNEXT) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is HRH Next 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. HRH Next Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

HRH Next Services's long-term debt to total assets ratio declined from Mar. 2022 (0.04) to Sep. 2023 (0.04). It may suggest that HRH Next Services is progressively becoming less dependent on debt to grow their business.

HRH Next Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for HRH Next 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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HRH Next Services LT-Debt-to-Total-Asset Chart

HRH Next Services Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.03

0.04

0.05

HRH Next Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
LT-Debt-to-Total-Asset	0.03	0.04	0.05	0.04

HRH Next Services LT-Debt-to-Total-Asset Calculation

HRH Next Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	13.483	/	288.229
	=	0.05

HRH Next Services'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 )
	=	10.808	/	311.386
	=	0.03

HRH Next Services (NSE:HRHNEXT) 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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HRH Next Services (NSE:HRHNEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001

Website

https://www.hrhnext.com

HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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