Selectis Health (Selectis Health) LT-Debt-to-Total-Asset : 0.63 (As of Dec. 2023)

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What is Selectis Health 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. Selectis Health's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.63.

Selectis Health's long-term debt to total assets ratio declined from Dec. 2022 (0.82) to Dec. 2023 (0.63). It may suggest that Selectis Health is progressively becoming less dependent on debt to grow their business.

Selectis Health LT-Debt-to-Total-Asset Historical Data

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

Selectis Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.78

0.42

0.68

0.82

0.63

Selectis Health 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															0.82	0.69	0.58	0.64	0.63

Selectis Health LT-Debt-to-Total-Asset Calculation

Selectis Health'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 )
	=	25.489	/	40.671
	=	0.63

Selectis Health'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 )
	=	25.489	/	40.671
	=	0.63

Selectis Health (OTCPK:GBCS) 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.

Selectis Health LT-Debt-to-Total-Asset Related Terms

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Selectis Health (Selectis Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Selectis Health Inc (OTCPK:GBCS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8480 E. Orchard Road, Suite 4900, Greenwood Village, CO, USA, 80111

Website

https://www.selectis.com

Selectis Health Inc owns and operates medical care facilities in the healthcare industry. It operates assisted living, independent living and skilled nursing facilities in Arkansas, Georgia, Ohio, and Oklahoma providing a wide array of living services, speech, occupational, physical therapies, social services, and other rehabilitation and healthcare services.

Executives

Lance Baller	director	10173 BRIARGROVE WAY, HIGHLANDS RANCH CO 80126
David J. Furstenberg	director	1226 WIND CHIME DR., WATERFORD MI 48327
Brandon Thall	officer: CFO	8480 E. ORCHARD ROAD, STE. 4900, GREENWOOD VILLAGE CO 80111
Christopher R. Barker	officer: President and COO	8480 E. ORCHARD ROAD, STE. 4900, GREENWOOD VILLAGE CO 80111
Neuman Clifford L Esq	director, 10 percent owner	6800 NORTH 79TH STREET, SUITE # 200, NIWOT CO 80503
Downs John H Jr	director	PO BOX 723040, ATLANTA GA 30339
Andrew L Sink	director	P O BOX 531124, BIRMINGHAM AL 35253
Joshua Mandell	director	C/O GLOBAL HEALTHCARE REIT, INC., 8480 E. ORCHARD RD., STE. 4900, GREENWOOD VILLAGE CO 80111
Adam Desmond	director	PO BOX 2036, CARBONDALE CO 81623
Jacob Taylor	officer: Secretary	6800 N. 79TH ST., STE. 200, NIWOT CO 80503
Sandra Lee Kuwica	officer: Vice President of Finance	C/O GLOBAL HEALTHCARE REIT, INC., 8480 E. ORCHARD RD., STE. 3600, GREENWOOD VILLAGE CO 80111
Steven Mark Bathgate	director	5350 S ROSLYN, SUITE 380, ENGLEWOOD CO 80111
Philip S Scarborough	officer: Chief Financial Officer	595 ATLANTA STREET, SUITE D, ROSWELL GA 30075
Christopher F Brogdon	director, officer: President	2 BUCKHEAD PLAZA, 3050 PEACHTREE ROAD, SUITE 570, ATLANTA GA 30305
Brogdon Connie B	other: spouse of Director/President	6000 LAKE FORREST DR, STE 200, ATLANTA GA 30328