Careteq (ASX:CTQ) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Careteq 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. Careteq's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Careteq's long-term debt to total assets ratio declined from Jun. 2023 (0.03) to Jun. 2024 (0.02). It may suggest that Careteq is progressively becoming less dependent on debt to grow their business.

Careteq LT-Debt-to-Total-Asset Historical Data

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

Careteq Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.03

0.02

Careteq Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	-	0.03	0.02	0.02

Careteq LT-Debt-to-Total-Asset Calculation

Careteq'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 )
	=	0.127	/	6.818
	=	0.02

Careteq'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 )
	=	0.127	/	6.818
	=	0.02

Careteq (ASX:CTQ) 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.

Careteq LT-Debt-to-Total-Asset Related Terms

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Careteq Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

525 Flinders Street, Level 8, Melbourne, VIC, AUS, 3000

Website

https://www.careteq.com.au

Careteq Ltd is focused on delivering technology solutions for Health and Aged Care. Its solution eazense employs radar technology that provides continuous non-invasive monitoring, allowing care resources to be managed efficiently. The company's other solutions include Sofihub and Wardmm. Its operating segments are Careteq Ltd, Careteq International Inc (USA) and Embedded Health Solutions.

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