Oncimmune Holdings (LSE:ONC) LT-Debt-to-Total-Asset : 0.67 (As of Aug. 2024)

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What is Oncimmune Holdings 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. Oncimmune Holdings's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.67.

Oncimmune Holdings's long-term debt to total assets ratio increased from Aug. 2023 (0.59) to Aug. 2024 (0.67). It may suggest that Oncimmune Holdings is progressively becoming more dependent on debt to grow their business.

Oncimmune Holdings LT-Debt-to-Total-Asset Historical Data

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

Oncimmune Holdings Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.67

0.36

0.16

0.59

0.67

Oncimmune Holdings Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.56	0.59	0.72	0.67

Oncimmune Holdings LT-Debt-to-Total-Asset Calculation

Oncimmune Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	3.293	/	4.902
	=	0.67

Oncimmune Holdings'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 )
	=	3.293	/	4.902
	=	0.67

Oncimmune Holdings (LSE:ONC) 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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Oncimmune Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oncimmune Holdings PLC (LSE:ONC) » Definitions » LT-Debt-to-Total-Asset

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Address

1 Park Row, MediCity - D6 Building, Leeds, GBR, LS1 5AB

Website

https://www.oncimmune.com

Oncimmune Holdings PLC is engaged in diagnosing cancer. It is involved in the development, manufacturing, and commercialization of personalized immunodiagnostics for the screening, detection, and care of cancer. The company's operating segment is ImmunoINSIGHTS.