NIB Holdings (ASX:NHF) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2024)

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What is NIB Holdings 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. NIB Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.14.

NIB Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.13) to Jun. 2024 (0.14). It may suggest that NIB Holdings is progressively becoming more dependent on debt to grow their business.

NIB Holdings LT-Debt-to-Total-Asset Historical Data

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

NIB Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.18

0.17

0.16

0.13

0.14

NIB Holdings 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															0.16	0.14	0.13	0.14	0.14

NIB Holdings LT-Debt-to-Total-Asset Calculation

NIB Holdings'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 )
	=	298.5	/	2114.6
	=	0.14

NIB Holdings'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 )
	=	298.5	/	2114.6
	=	0.14

NIB Holdings (ASX:NHF) 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.

NIB Holdings LT-Debt-to-Total-Asset Related Terms

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NIB Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NIB Holdings Ltd (ASX:NHF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

3GU:Germany

Address

22 Honeysuckle Drive, Newcastle, NSW, AUS, 2300

Website

https://www.nib.com.au

NIB Holdings is Australia's fourth-largest health fund. It is a national provider of private health insurance, life insurance, travel insurance, and related healthcare services, with a growing presence in New Zealand. Approximately 55% of the population is covered by private health insurance because of taxation benefits, shorter wait times, a choice of doctor and hospital, and cover of ancillary health services.

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