Community Health Systems (Community Health Systems) LT-Debt-to-Total-Asset : 0.84 (As of Mar. 2024)

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What is Community Health Systems 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. Community Health Systems's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.84.

Community Health Systems's long-term debt to total assets ratio declined from Mar. 2023 (0.84) to Mar. 2024 (0.84). It may suggest that Community Health Systems is progressively becoming less dependent on debt to grow their business.

Community Health Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Community Health Systems'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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Community Health Systems LT-Debt-to-Total-Asset Chart

Community Health Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.89

0.79

0.83

Community Health Systems 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															0.84	0.84	0.84	0.83	0.84

Community Health Systems LT-Debt-to-Total-Asset Calculation

Community Health Systems'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 )
	=	12029	/	14455
	=	0.83

Community Health Systems'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 )
	=	12079	/	14417
	=	0.84

Community Health Systems (NYSE:CYH) 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.

Community Health Systems LT-Debt-to-Total-Asset Related Terms

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Community Health Systems (Community Health Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Community Health Systems Inc (NYSE:CYH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CG5:Germany

Address

4000 Meridian Boulevard, Franklin, TN, USA, 37067

Website

https://www.chs.net

Community Health Systems Inc is the largest publicly owned hospital operator in the United States. The company owns or leases over 83 hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.

Executives

Wayne T Smith	director, officer: Executive Officer and Director	500 WEST MAIN STREET, LOUISVILLE KY 40202
Charles J Cova	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Burgess Ronald L Jr	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Ely James S. Iii	director	4000 MERIDIAN BLVD, FRANKLIN TN 37067
Susan W Brooks	director	200 EAST JACKSON ST, MUNCIE IN 47305
Justin D Pitt	officer: EVP and General Counsel	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Joseph Arthur Hastings	director	1573 MALLORY LANE, SUITE 100, BRENTWOOD TN 37027
John A Fry	director	C/O DELAWARE INVESTMENTS, 2005 MARKET ST. 34TH FL., PHILADELPHIA PA 19103
William Norris Jennings	director	509 ALTA GATE ROAD, LOUISVILLE KY 40206
Chad A Campbell	officer: Regional President	4000 MERIDIAN BLVD, FRANKLIN TN 37067
David E Nicely	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Kevin A Stockton	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Mark B Medley	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Austen D Mason	officer: Regional President	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Tian Qiao Chen	10 percent owner	2735 SAND HILL ROAD, #140, MENLO PARK CA 94025