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GPT Healthcare (NSE:GPTHEALTH) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)


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What is GPT Healthcare 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. GPT Healthcare's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

GPT Healthcare's long-term debt to total assets ratio declined from Mar. 2022 (0.24) to Mar. 2024 (0.06). It may suggest that GPT Healthcare is progressively becoming less dependent on debt to grow their business.

GPT Healthcare LT-Debt-to-Total-Asset Historical Data

The historical data trend for GPT Healthcare'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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GPT Healthcare LT-Debt-to-Total-Asset Chart

GPT Healthcare Annual Data
Trend Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
0.33 0.24 0.17 0.06

GPT Healthcare Quarterly Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.24 - 0.17 0.14 0.06

GPT Healthcare LT-Debt-to-Total-Asset Calculation

GPT Healthcare'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 )
=189.734/3455.185
=0.05

GPT Healthcare's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=189.734/3455.185
=

* 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.

GPT Healthcare  (NSE:GPTHEALTH) 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.

GPT Healthcare LT-Debt-to-Total-Asset Related Terms

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GPT Healthcare (NSE:GPTHEALTH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » GPT Healthcare Ltd (NSE:GPTHEALTH) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
544131:India
Address
GPT Centre, JC-25, Sector III, Salt Lake, Kolkata, WB, IND, 700106
Website
https://ilshospitals.com
GPT Healthcare Ltd is engaged in healthcare sector. It operates a chain of mid-sized full service hospitals under the ILS brand and provide integrated healthcare services, with a focus on secondary and tertiary care and operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. It offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology.

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