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Arem Pacific (Arem Pacific) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)


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What is Arem Pacific 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. Arem Pacific's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Arem Pacific's long-term debt to total assets ratio declined from Mar. 2023 (0.58) to Mar. 2024 (0.39). It may suggest that Arem Pacific is progressively becoming less dependent on debt to grow their business.

Arem Pacific LT-Debt-to-Total-Asset Historical Data

The historical data trend for Arem Pacific'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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Arem Pacific LT-Debt-to-Total-Asset Chart

Arem Pacific Annual Data
Trend Jun15 Jun16 Jun19 Jun20 Jun21 Jun22 Jun23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.79 0.62 0.58 0.59

Arem Pacific Quarterly Data
Mar15 Jun15 Sep15 Mar16 Jun16 Sep16 Jun19 Jun20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.59 0.53 0.46 0.39

Arem Pacific LT-Debt-to-Total-Asset Calculation

Arem Pacific's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )/Total Assets (A: Jun. 2023 )
=0.152/0.26
=0.58

Arem Pacific'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 )
=0.094/0.239
=0.39

* 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.

Arem Pacific  (OTCPK:ARPC) 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.

Arem Pacific LT-Debt-to-Total-Asset Related Terms

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Arem Pacific (Arem Pacific) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Arem Pacific Corp (OTCPK:ARPC) » Definitions » LT-Debt-to-Total-Asset
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BNKL GRST IONM TPIA USNU BACK JRSS RHE HCA SZSE:300015 SAU:4013 HKSE:06618 XTER:FRE BKK:BDMS XKLS:5225 BSP:RDOR3 XTER:FME UHS CHE NSE:APOLLOHOSP
Traded in Other Exchanges
N/A
Address
271 Blackburn Road, Mount Waverley, Melbourne, VIC, AUS, 3149
Website
https://www.aremzen.com
Arem Pacific Corporation is engaged in providing wellness services. The company operates in one industry and one geographical segment, those being Oriental holistic health services and Australia. The Wellness center provides services including Acupressure/Reflexology which is acupuncture without needles, Massage Therapy involving application of soft-tissue manipulation techniques to the body and Cupping involving warming of glass cups through a flammable substance. It also offers Neck, shoulder, back, legs, full body massages and deep tissue and hot oil massage. It derives revenues through the provision of therapeutic health services from its Oriental holistic health centres.