Optima Health (LSE:OPT) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Optima 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. Optima Health's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Optima Health's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.06). It may suggest that Optima Health is progressively becoming more dependent on debt to grow their business.

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

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

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.01

Optima Health Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	0.01	0.01	-	-	0.06

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

Optima Health's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.702	/	210.388
	=	0.00

Optima Health'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 )
	=	12.158	/	210.188
	=	0.06

Optima Health (LSE:OPT) 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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Optima Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Health PLC (LSE:OPT) » Definitions » LT-Debt-to-Total-Asset

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J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.