Vitura Health (ASX:VIT) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2024)

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What is Vitura Health 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. Vitura Health's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.18.

Vitura Health's long-term debt to total assets ratio increased from Dec. 2023 (0.14) to Dec. 2024 (0.18). It may suggest that Vitura Health is progressively becoming more dependent on debt to grow their business.

Vitura Health LT-Debt-to-Total-Asset Historical Data

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

Vitura Health Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.13

0.02

0.11

0.02

0.13

Vitura Health Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.09	0.02	0.14	0.13	0.18

Vitura Health LT-Debt-to-Total-Asset Calculation

Vitura Health'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 )
	=	9.295	/	71.283
	=	0.13

Vitura Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	12.976	/	70.792
	=	0.18

Vitura Health (ASX:VIT) 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.

Vitura Health LT-Debt-to-Total-Asset Related Terms

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Vitura Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vitura Health Ltd (ASX:VIT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1CE0:Germany

Address

299 Toorak Road, Suite 8, Level 3, South Yarra, VIC, AUS, 3141

Website

https://www.vitura.com.au

Vitura Health Ltd is focused on creating medicinal cannabis products and digital health solutions that connect and strengthen the ecosystem between patients, prescribers, pharmacists, and suppliers. The company has two business segments namely, Sales and distribution (involving the sale and distribution of medical products including medicinal cannabis, psychedelic drugs, and smoking cessation products) and Clinics and services (involving the operation of medicinal cannabis clinics and the provision of related services). The company generates the majority of its revenue from the Sales and distribution segment. Geographically the company generates the majority of its revenue from Australia.

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