BTSG (BrightSpring Health Services) LT-Debt-to-Total-Asset : 0.49 (As of Sep. 2024)

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What is BrightSpring Health Services 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. BrightSpring Health Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.49.

BrightSpring Health Services's long-term debt to total assets ratio declined from Sep. 2023 (0.67) to Sep. 2024 (0.49). It may suggest that BrightSpring Health Services is progressively becoming less dependent on debt to grow their business.

BrightSpring Health Services LT-Debt-to-Total-Asset Historical Data

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

BrightSpring Health Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.62

0.64

0.66

0.64

BrightSpring Health Services Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.67	0.64	0.49	0.50	0.49

BrightSpring Health Services LT-Debt-to-Total-Asset Calculation

BrightSpring Health Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	3556.124	/	5532.721
	=	0.64

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2829.446	/	5785.967
	=	0.49

BrightSpring Health Services (NAS:BTSG) 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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BrightSpring Health Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » BrightSpring Health Services Inc (NAS:BTSG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

805 N. Whittington Parkway, Louisville, KY, USA, 40222

Website

https://www.brightspringhealth.com

BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations. Its segments include Pharmacy Solutions, Provider Service. and others. It generates the majority of its revenue from the Pharmacy Solutions segment.