Hyster Yale (FRA:HYEA) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Hyster Yale 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. Hyster Yale's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Hyster Yale's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.11). It may suggest that Hyster Yale is progressively becoming less dependent on debt to grow their business.

Hyster Yale LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hyster Yale'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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Hyster Yale LT-Debt-to-Total-Asset Chart

Hyster Yale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.13

0.12

Hyster Yale Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.12	0.12	0.11

Hyster Yale LT-Debt-to-Total-Asset Calculation

Hyster Yale'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 )
	=	221.272	/	1906.535
	=	0.12

Hyster Yale's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	220.524	/	1948.928
	=	0.11

Hyster Yale (FRA:HYEA) 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.

Hyster Yale LT-Debt-to-Total-Asset Related Terms

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Hyster Yale (FRA:HYEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hyster Yale Inc (FRA:HYEA) » Definitions » LT-Debt-to-Total-Asset

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HY:USA

Address

5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069

Website

https://www.hyster-yale.com

Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.

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