Adherium (ASX:ADRDA) Debt-to-Asset : 0.01 (As of Jun. 2024)

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What is Adherium Debt-to-Asset?

Adherium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.05 Mil. Adherium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.05 Mil. Adherium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$9.89 Mil. Adherium's debt to asset for the quarter that ended in Jun. 2024 was 0.01.

Adherium Debt-to-Asset Historical Data

The historical data trend for Adherium's Debt-to-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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Adherium Debt-to-Asset Chart

Adherium Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Asset

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0.01

Adherium Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial											0.01	-	-	-	0.01

Competitive Comparison of Adherium's Debt-to-Asset

For the Medical Devices subindustry, Adherium's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Adherium's Debt-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Adherium's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Adherium's Debt-to-Asset falls into.

Adherium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Adherium's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.047	+	0.046)	/	9.887
	=	0.01

Adherium's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.047	+	0.046)	/	9.887
	=	0.01

Adherium (ASX:ADRDA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Adherium Debt-to-Asset Related Terms

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Adherium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Adherium Ltd (ASX:ADRDA) » Definitions » Debt-to-Asset

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Address

333 Collins Street, Level 14, Melbourne, VIC, AUS, 3000

Website

https://www.adherium.com

Adherium Ltd is engaged in the development, manufacture, and supply of its Hailie digital health technologies that address sub-optimal medication use and improve health outcomes in chronic disease. Geographically, it derives a majority of its revenue from Europe and also has a presence in New Zealand and Australia; North America, and Asia.

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