Blue Horizon Global Capital (XCNQ:BHCC) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2023)

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What is Blue Horizon Global Capital 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. Blue Horizon Global Capital's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.07.

Blue Horizon Global Capital's long-term debt to total assets ratio increased from Sep. 2022 (0.06) to Sep. 2023 (0.07). It may suggest that Blue Horizon Global Capital is progressively becoming more dependent on debt to grow their business.

Blue Horizon Global Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Blue Horizon Global Capital'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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Blue Horizon Global Capital LT-Debt-to-Total-Asset Chart

Blue Horizon Global Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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1.71

2.78

1.19

0.13

0.06

Blue Horizon Global Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.07	0.07

Blue Horizon Global Capital LT-Debt-to-Total-Asset Calculation

Blue Horizon Global Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.06	/	0.98
	=	0.06

Blue Horizon Global Capital'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 )
	=	0.06	/	0.906
	=

Blue Horizon Global Capital (XCNQ:BHCC) 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.

Blue Horizon Global Capital LT-Debt-to-Total-Asset Related Terms

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Blue Horizon Global Capital (XCNQ:BHCC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blue Horizon Global Capital Corp (XCNQ:BHCC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MOOIF:USA

Address

196 Wildcat Road, North York, ON, CAN, M3J 2N5

Website

http://www.sensetekinc.com

Blue Horizon Global Capital Corp is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income.

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