Helios Fairfax Partners (TSX:HFPC.U) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Helios Fairfax Partners 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. Helios Fairfax Partners's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Helios Fairfax Partners's long-term debt to total assets ratio declined from Dec. 2022 (0.15) to Dec. 2023 (0.00). It may suggest that Helios Fairfax Partners is progressively becoming less dependent on debt to grow their business.

Helios Fairfax Partners LT-Debt-to-Total-Asset Historical Data

The historical data trend for Helios Fairfax Partners'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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Helios Fairfax Partners LT-Debt-to-Total-Asset Chart

Helios Fairfax Partners Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.15

Helios Fairfax Partners 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															0.15	0.15	0.15	0.15	-

Helios Fairfax Partners LT-Debt-to-Total-Asset Calculation

Helios Fairfax Partners'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 )
	=	0.548	/	488.333
	=	0.00

Helios Fairfax Partners'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 )
	=	0.548	/	488.333
	=	0.00

Helios Fairfax Partners (TSX:HFPC.U) 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.

Helios Fairfax Partners LT-Debt-to-Total-Asset Related Terms

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Helios Fairfax Partners (TSX:HFPC.U) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Helios Fairfax Partners Corp (TSX:HFPC.U) » Definitions » LT-Debt-to-Total-Asset

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Address

95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7

Website

https://www.heliosinvestment.com

Helios Fairfax Partners Corp is an investment holding company whose investment objective is to achieve long-term capital appreciation while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses. It is also engaged in property and casualty insurance and reinsurance business.

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