HMC Capital (ASX:HMC) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is HMC 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. HMC Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

HMC Capital's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.01). It may suggest that HMC Capital is progressively becoming less dependent on debt to grow their business.

HMC Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for HMC 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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HMC Capital LT-Debt-to-Total-Asset Chart

HMC Capital Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.38

0.39

0.26

HMC Capital Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	0.09	-	0.01

HMC Capital LT-Debt-to-Total-Asset Calculation

HMC Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	2.847	/	1344.816
	=	0.00

HMC Capital'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 )
	=	18.472	/	1479.772
	=	0.01

HMC Capital (ASX:HMC) 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.

HMC Capital LT-Debt-to-Total-Asset Related Terms

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HMC Capital (ASX:HMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HMC Capital Ltd (ASX:HMC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HMCLF:USA

Address

1 Macquarie Place, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.hmccapital.com.au

HMC Capital Ltd is a property group focused on ownership, development, and management. The company's operating segment includes Investments Funds Management and Corporate properties. It generates maximum revenue from the Investments segment. The company portfolio comprises mainly retail and services centers.