High Arctic Overseas Holdings (TSXV:HOH) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is High Arctic Overseas 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. High Arctic Overseas Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

High Arctic Overseas Holdings's long-term debt to total assets ratio increased from Dec. 2021 (0.00) to Dec. 2023 (0.01). It may suggest that High Arctic Overseas Holdings is progressively becoming more dependent on debt to grow their business.

High Arctic Overseas Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for High Arctic Overseas 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.

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High Arctic Overseas Holdings LT-Debt-to-Total-Asset Chart

High Arctic Overseas Holdings Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

High Arctic Overseas Holdings Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	-	0.01	0.01

High Arctic Overseas Holdings LT-Debt-to-Total-Asset Calculation

High Arctic Overseas Holdings'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 )
	=	0.68	/	58.191
	=	0.01

High Arctic Overseas Holdings'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 )
	=	0.68	/	58.191
	=	0.01

High Arctic Overseas Holdings (TSXV:HOH) 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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High Arctic Overseas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Overseas Holdings Corp (TSXV:HOH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

http://www.higharctic.com

High Arctic Overseas Holdings Corp provides drilling and specialized well completion services manpower solutions and supplies rental equipment including rig matting, camps, material handling, and drilling support equipment in Papua New Guinea. The segments of the company are Drilling services, Ancillary services, Production services.

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