Heartland Group Holdings (NZSE:HGH) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Heartland Group Holdings 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. Heartland Group Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Heartland Group Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.06) to Jun. 2024 (0.07). It may suggest that Heartland Group Holdings is progressively becoming more dependent on debt to grow their business.

Heartland Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Heartland Group Holdings'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.

* Premium members only.

Heartland Group Holdings LT-Debt-to-Total-Asset Chart

Heartland Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.09

0.06

0.07

Heartland Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.28	0.06	0.31	0.07

Heartland Group Holdings LT-Debt-to-Total-Asset Calculation

Heartland Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	611.751	/	9291.855
	=	0.07

Heartland Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	611.751	/	9291.855
	=	0.07

Heartland Group Holdings (NZSE:HGH) 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.

Heartland Group Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Heartland Group Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Heartland Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heartland Group Holdings Ltd (NZSE:HGH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

73X:Germany HGH:Australia

Address

35 Teed Street, Level 3, Heartland House, Newmarket, Auckland, NZL, 1023

Website

https://www.heartland.co.nz

Heartland Group Holdings Ltd is engaged in the operation of the reverse mortgage. Geographically it operates in both New Zealand and Australia. It offers business loans, rural loans, home loans, car loans , personal lending services and others. Further, it is also involved in saving and deposits activity and also provides internet banking services.

Heartland Group Holdings Headlines

No Headlines