Pacific Smiles Group (ASX:PSQ) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Pacific Smiles 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. Pacific Smiles Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Pacific Smiles Group's long-term debt to total assets ratio declined from Dec. 2022 (0.47) to Dec. 2023 (0.39). It may suggest that Pacific Smiles Group is progressively becoming less dependent on debt to grow their business.

Pacific Smiles Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pacific Smiles 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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Pacific Smiles Group LT-Debt-to-Total-Asset Chart

Pacific Smiles Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.20

0.51

0.37

0.49

0.42

Pacific Smiles Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.39	0.49	0.47	0.42	0.39

Pacific Smiles Group LT-Debt-to-Total-Asset Calculation

Pacific Smiles Group'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 )
	=	79.246	/	188.108
	=	0.42

Pacific Smiles Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	70.969	/	180.071
	=	0.39

Pacific Smiles Group (ASX:PSQ) 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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Pacific Smiles Group (ASX:PSQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Molly Morgan Drive, Level 1, Greenhills, NSW, AUS, 2323

Website

https://www.pacificsmilesdental.com.au

Pacific Smiles Group Ltd engages in the development and operation of dental centers in Eastern Australia. It provides full services surgeries, equipped facilities, materials, marketing, and administrative services to independent dentists. The company generates maximum revenue from Dental services fees.