Name: Debt to Assets

Definition: Debt to assets tells you how much of the company’s total assets are financed with borrowed money. If this ratio is 0.50, it means half of everything the company owns was paid for with debt. The higher this number, the more aggressive the financing strategy — which can fuel growth but makes things riskier if profits decline. A lower ratio reflects a safer balance sheet with more breathing room.

Interpretation:
• In '2021', HNNA's debt to assets was 0.01, measuring the proportion of assets financed through debt. Industry average for Investment Managers in '2021' stood at 0.23.
• In '2022', HNNA's debt to assets was 0.28, measuring the proportion of assets financed through debt. The increase compared to '2021' may signal growing financial pressure. Industry average for Investment Managers in '2022' stood at 0.26. Industry average increased by 0.03 compared to previous year.
• In '2023', HNNA's debt to assets was 0.27, measuring the proportion of assets financed through debt. The decrease since '2022' reflects improving financial health. Industry average for Investment Managers in '2023' stood at 0.25. Industry average declined by 0.01 from previous year.
• In '2024', HNNA's debt to assets was 0.27, measuring the proportion of assets financed through debt. The decrease since '2023' reflects improving financial health. Industry average for Investment Managers in '2024' stood at 0.22. Industry average declined by 0.03 from previous year.
Overall, HNNA's debt to assets has been volatile but showed an upward trend over the past 4 years.

Formula: Debt to Assets = Total Debt / Total Assets

Good Range: Commonly under 0.5 for lower-risk companies.