Highwood Asset Management (TSXV:HAM) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

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What is Highwood Asset Management 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. Highwood Asset Management's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

Highwood Asset Management's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.33). It may suggest that Highwood Asset Management is progressively becoming more dependent on debt to grow their business.

Highwood Asset Management LT-Debt-to-Total-Asset Historical Data

The historical data trend for Highwood Asset Management'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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Highwood Asset Management LT-Debt-to-Total-Asset Chart

Highwood Asset Management Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

Highwood Asset Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.44	0.33

Highwood Asset Management LT-Debt-to-Total-Asset Calculation

Highwood Asset Management's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	83.575	/	257.079
	=	0.33

Highwood Asset Management's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	83.575	/	257.079
	=	0.33

Highwood Asset Management (TSXV:HAM) 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.

Highwood Asset Management LT-Debt-to-Total-Asset Related Terms

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Highwood Asset Management (TSXV:HAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Highwood Asset Management Ltd (TSXV:HAM) » Definitions » LT-Debt-to-Total-Asset

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Address

221 10th Avenue South East, Suite 202, Calgary, AB, CAN, T2G 0V9

Website

https://www.highwoodoil.com

Highwood Asset Management Ltd is an asset management entity overseeing various operations including clean energy transition subsectors with a focus on ESG also it looks at current activities in the industrial metals & minerals, oil production and oil midstream spaces. The company has four reportable segment which are Upstream Segment, Midstream Segment, Metallic Mineral Segment, Corporate and Other Segment. All segments are located geographically within Canada, more specifically Alberta, Saskatchewan and British Columbia.

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