Extendicare (FRA:5XE) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is Extendicare 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. Extendicare's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Extendicare's long-term debt to total assets ratio declined from Sep. 2023 (0.46) to Sep. 2024 (0.22). It may suggest that Extendicare is progressively becoming less dependent on debt to grow their business.

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

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

Extendicare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.51

0.52

0.47

Extendicare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.47	0.44	0.23	0.22

Extendicare LT-Debt-to-Total-Asset Calculation

Extendicare'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 )
	=	215.058	/	459.82
	=	0.47

Extendicare'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 )
	=	105.579	/	484.207
	=	0.22

Extendicare (FRA:5XE) 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.

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

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Extendicare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Extendicare Inc (FRA:5XE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EXETF:USA 0S9E:UK 5XE:Germany EXE:Canada

Address

3000 Steeles Avenue East, Suite 700, Markham, ON, CAN, L3R 4T9

Website

https://www.extendicare.com

Extendicare Inc is a senior care provider in Canada, focused on long-term care and home health care. The company has three main business segments namely Long-term Care, Home Health Care, and Managed Services. The Long-term Care segment, operating under the Extendicare brand, represents 53 owned homes in Ontario, Alberta and Manitoba. The Home Health Care segment, operating under the ParaMed brand, provides more than 9 million hours of home health care services annually in Ontario, Alberta, Manitoba and Nova Scotia. The Managed Services segment, operating under the Extendicare Assist and SGP Purchasing Partner Network brands, provides management, consulting and group purchasing services to other care providers across Canada.

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