LTGHY (Life Healthcare Group Holdings) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Life Healthcare Group 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. Life Healthcare Group Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Life Healthcare Group Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.24) to Sep. 2024 (0.14). It may suggest that Life Healthcare Group Holdings is progressively becoming less dependent on debt to grow their business.

Life Healthcare Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Life Healthcare Group 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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Life Healthcare Group Holdings LT-Debt-to-Total-Asset Chart

Life Healthcare Group Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.27

0.29

0.24

0.14

Life Healthcare Group Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.29	0.24	0.07	0.14

Life Healthcare Group Holdings LT-Debt-to-Total-Asset Calculation

Life Healthcare Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	192.898	/	1383.591
	=	0.14

Life Healthcare Group Holdings'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 )
	=	192.898	/	1383.591
	=	0.14

Life Healthcare Group Holdings (OTCPK:LTGHY) 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.

Life Healthcare Group Holdings LT-Debt-to-Total-Asset Related Terms

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Life Healthcare Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Life Healthcare Group Holdings Ltd (OTCPK:LTGHY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LHC:South Africa LTGHF:USA L53:Germany

Address

203 Oxford Road, Building 2, Oxford Parks, Corner Eastwood and Oxford Roads, Dunkeld, Johannesburg, GT, ZAF, 2196

Website

https://www.lifehealthcare.co.za

Life Healthcare Group Holdings Ltd is an international and diversified healthcare organization based in South Africa. The firm's segments include Hospitals that derive maximum revenue, Complementary services, Healthcare services, and Radiopharmaceutical products. The hospital services segment comprises all the acute hospitals and the complementary services segment includes mental health, acute rehabilitation, renal dialysis, oncology, and imaging services. The healthcare services segment comprises Life Nkanyisa and Life Health Solutions; and the radiopharmaceuticals represent the products developed by LMI across Europe, the UK, and the USA. Geographically, the company derives a majority of its revenue from its business in South Africa and the rest from International markets.