CLRD (Clearday) LT-Debt-to-Total-Asset: 0.45 (As of Sep. 2023)


What is Clearday LT-Debt-to-Total-Asset?

Clearday CLRD +108.33% LT-Debt-to-Total-Asset is 0.45 as of Sep. 2023.

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. Clearday's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.45.

Clearday's long-term debt to total assets ratio declined from Sep. 2022 (0.77) to Sep. 2023 (0.45). It may suggest that Clearday is progressively becoming less dependent on debt to grow their business.

Clearday  (OTCPK:CLRD) 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.

Clearday LT-Debt-to-Total-Asset Related Terms

Clearday LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Clearday'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.

Clearday LT-Debt-to-Total-Asset Chart

Clearday Annual Data
Trend Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.77 0.97 0.77

Clearday Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.77 0.45 0.55 0.45

Clearday LT-Debt-to-Total-Asset Calculation

Clearday's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=25.809/33.751
=0.76

Clearday's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=4.544/10.205
=0.45

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.45 mean?
Clearday (CLRD) has a LT-Debt-to-Total-Asset of 0.45 as of Sep. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Clearday and its competitors.
Is Clearday's LT-Debt-to-Total-Asset too high?
Clearday's current LT-Debt-to-Total-Asset is 0.45.
How does Clearday's LT-Debt-to-Total-Asset compare to VLXC and AMS?
Clearday's LT-Debt-to-Total-Asset of 0.45 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Healthcare Providers & Services company?
A good LT-Debt-to-Total-Asset depends on the Healthcare Providers & Services industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Clearday and its competitors. Clearday's current LT-Debt-to-Total-Asset is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearday stock overvalued right now?
Clearday (CLRD) has a current LT-Debt-to-Total-Asset of 0.45. The current LT-Debt-to-Total-Asset is 0.45. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Clearday (CLRD), the current LT-Debt-to-Total-Asset is 0.45 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clearday Business Description

Address 8800 Village Drive, Suite 106, San Antonio, TX, USA, 78217
Clearday Inc is a non-acute health care services company. It owns and operates one residential care facility and one adult daycare facility, and its focus is on marketing its digital care services to third parties. The company manages its business as two operating segments, the Longevity-Tech Platform and Personal Care.