Visionflex Group (ASX:VFX) LT-Debt-to-Total-Asset : 1.89 (As of Dec. 2023)

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What is Visionflex 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. Visionflex Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 1.89.

Visionflex Group's long-term debt to total assets ratio declined from Dec. 2022 (2.42) to Dec. 2023 (1.89). It may suggest that Visionflex Group is progressively becoming less dependent on debt to grow their business.

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

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

Visionflex Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.26

0.23

2.10

0.96

1.80

Visionflex Group Semi-Annual Data
	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													1.54	0.96	2.42	1.80	1.89

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

Visionflex 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 )
	=	6.05	/	3.356
	=	1.80

Visionflex 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 )
	=	6.25	/	3.306
	=	1.89

Visionflex Group (ASX:VFX) 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.

Visionflex Group LT-Debt-to-Total-Asset Related Terms

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Visionflex Group (ASX:VFX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1/8 Prosperity Parade, Warriewood, Sydney, NSW, AUS, 2102

Website

https://www.visionflex.com

Visionflex Group Ltd Formerly 1st Group Ltd is an online health portal group. The company is engaged in the provision of health care and corporate online search and appointment booking services. The firm derives revenue from Subscription fees, Usage fees, Advertising, and Setup and customization out of which Subscription fees account for the majority of its revenue. The group has acquired multiple companies to run the business smoothly. The group has two operating segments, being 1st Group and Visionflex which are both located in Australia. The company generates the majority of its revenue from 1st Group segment, which is engaged in the provision of healthcare and corporate online search and appointment booking services.

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