RH Bophelo (JSE:RHB) LT-Debt-to-Total-Asset : 0.04 (As of Aug. 2024)

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What is RH Bophelo 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. RH Bophelo's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.04.

RH Bophelo's long-term debt to total assets ratio declined from Aug. 2023 (0.09) to Aug. 2024 (0.04). It may suggest that RH Bophelo is progressively becoming less dependent on debt to grow their business.

RH Bophelo LT-Debt-to-Total-Asset Historical Data

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

RH Bophelo Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.04

RH Bophelo Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.05	-	0.09	0.04	0.04

RH Bophelo LT-Debt-to-Total-Asset Calculation

RH Bophelo's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	50.861	/	1216.36
	=	0.04

RH Bophelo's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	46.203	/	1238.016
	=	0.04

RH Bophelo (JSE:RHB) 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.

RH Bophelo LT-Debt-to-Total-Asset Related Terms

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RH Bophelo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » RH Bophelo Ltd (JSE:RHB) » Definitions » LT-Debt-to-Total-Asset

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Address

Unit 12, 1st Floor, 1 Melrose Boulevard, Melrose Arch, Boulevard, Johannesburg, GT, ZAF, 2191

Website

https://www.rhbophelo.co.za

RH Bophelo Ltd is a healthcare investment company. Its main business involves the acquisition of healthcare assets in commercial entities or special situations across the South African market. It is making equity, quasi-equity, and equity-related investments in healthcare and financial sectors, specifically in operational infrastructure, health insurance, private hospital infrastructure, pharmaceuticals, retail and distribution, and healthcare technology. Its segments are the Healthcare segment and Financial services segment.

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