Alcidion Group (ASX:ALC) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Alcidion Group 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. Alcidion Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Alcidion Group's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.01). It may suggest that Alcidion Group is progressively becoming less dependent on debt to grow their business.

Alcidion Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alcidion Group'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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Alcidion Group LT-Debt-to-Total-Asset Chart

Alcidion Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.01

Alcidion Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Alcidion Group LT-Debt-to-Total-Asset Calculation

Alcidion Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.998	/	114.46
	=	0.01

Alcidion Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.998	/	114.46
	=	0.01

Alcidion Group (ASX:ALC) 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.

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Alcidion Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alcidion Group Ltd (ASX:ALC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

9 Yarra Street, Level 10, South Yarra, Melbourne, VIC, AUS, 3141

Website

https://www.alcidion.com

Alcidion Group Ltd is a provider of intelligent informatics software. The company builds, sells, delivers, runs, and supports solutions for healthcare provider organizations. It offers solutions such as Miya ED, Miya Patient Flow, Miya Revenue and Reimbursement, Smartpage, and others. Geographically, it derives a majority of its revenue from Australia/New Zealand and also has a presence in the United Kingdom.