Third Age Health Services (NZSE:TAH) Debt-to-Asset : 0.41 (As of Mar. 2024)

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What is Third Age Health Services Debt-to-Asset?

Third Age Health Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$1.65 Mil. Third Age Health Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$2.40 Mil. Third Age Health Services's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was NZ$9.80 Mil. Third Age Health Services's debt to asset for the quarter that ended in Mar. 2024 was 0.41.

Third Age Health Services Debt-to-Asset Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Debt-to-Asset Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

0.07

0.22

0.54

0.41

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial			0.22	0.32	0.54	0.48	0.41

Competitive Comparison of Third Age Health Services's Debt-to-Asset

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Third Age Health Services's Debt-to-Asset falls into.

Third Age Health Services Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Third Age Health Services's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(1.648	+	2.399)	/	9.803
	=	0.41

Third Age Health Services's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(1.648	+	2.399)	/	9.803
	=	0.41

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services Debt-to-Asset Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.