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Hvax Technologies (NSE:HVAX) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)


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What is Hvax Technologies 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. Hvax Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Hvax Technologies's long-term debt to total assets ratio declined from Mar. 2022 (0.06) to Mar. 2024 (0.04). It may suggest that Hvax Technologies is progressively becoming less dependent on debt to grow their business.

Hvax Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hvax Technologies'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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Hvax Technologies LT-Debt-to-Total-Asset Chart

Hvax Technologies Annual Data
Trend Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
0.14 0.06 0.03 0.04

Hvax Technologies Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset 0.14 0.06 0.03 0.04

Hvax Technologies LT-Debt-to-Total-Asset Calculation

Hvax Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )/Total Assets (A: Mar. 2024 )
=25.392/636.632
=0.04

Hvax Technologies'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 )
=25.392/636.632
=0.04

* 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.

Hvax Technologies  (NSE:HVAX) 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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Hvax Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hvax Technologies Ltd (NSE:HVAX) » Definitions » LT-Debt-to-Total-Asset
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Address
I-Think Techno Campus, 601, 6th Floor, Lodha Supremus, Kanjurmarg (East), Mumbai, MH, IND, 400042
Website
https://www.hvax.in
Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.

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