CON (Concentra Group Holdings Parent) LT-Debt-to-Total-Asset : 0.74 (As of Dec. 2024)

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What is Concentra Group Holdings Parent 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. Concentra Group Holdings Parent's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.74.

Concentra Group Holdings Parent's long-term debt to total assets ratio increased from Dec. 2023 (0.36) to Dec. 2024 (0.74). It may suggest that Concentra Group Holdings Parent is progressively becoming more dependent on debt to grow their business.

Concentra Group Holdings Parent LT-Debt-to-Total-Asset Historical Data

The historical data trend for Concentra Group Holdings Parent'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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Concentra Group Holdings Parent LT-Debt-to-Total-Asset Chart

Concentra Group Holdings Parent Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.42

0.36

0.74

Concentra Group Holdings Parent Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.36	0.76	0.33	0.75	0.74

Concentra Group Holdings Parent LT-Debt-to-Total-Asset Calculation

Concentra Group Holdings Parent's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1865.831	/	2521.164
	=	0.74

Concentra Group Holdings Parent'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 )
	=	1865.831	/	2521.164
	=	0.74

Concentra Group Holdings Parent (NYSE:CON) 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.

Concentra Group Holdings Parent LT-Debt-to-Total-Asset Related Terms

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Concentra Group Holdings Parent Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Concentra Group Holdings Parent Inc (NYSE:CON) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4714 Gettysburg Road, P.O. Box 2034, Mechanicsburg, PA, USA, 17055

Website

https://www.concentra.com

Concentra Group Holdings Parent Inc is a company providing occupational and consumer health services through occupational health centers and onsite clinics. Their services include workers' compensation injury care, employer services, urgent care, clinical testing, wellness programs, and preventative care.