Addus HomeCare (FRA:A41) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Addus HomeCare 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. Addus HomeCare's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Addus HomeCare's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.16). It may suggest that Addus HomeCare is progressively becoming less dependent on debt to grow their business.

Addus HomeCare LT-Debt-to-Total-Asset Historical Data

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

Addus HomeCare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.26

0.27

0.18

0.16

Addus HomeCare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.16	0.13	0.20	0.16

Addus HomeCare LT-Debt-to-Total-Asset Calculation

Addus HomeCare'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 )
	=	150.244	/	939.399
	=	0.16

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	150.244	/	939.399
	=	0.16

Addus HomeCare (FRA:A41) 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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Addus HomeCare (FRA:A41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Addus HomeCare Corp (FRA:A41) » Definitions » LT-Debt-to-Total-Asset

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ADUS:USA

Address

6303 Cowboys Way, Suite 600, Frisco, TX, USA, 75034

Website

https://www.addus.com

Addus HomeCare Corp is engaged in the provision of in-home personal care services. It operates through the following segments: Personal care segment, which is a key revenue driver, provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. The Hospice segment provides physical, emotional and spiritual care for people who are terminally ill and their families. Its Home health segment provides services that are primarily medical in nature to those individuals who may require assistance during an illness or after surgery.

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