Holdco Nuvo Group DG (Holdco Nuvo Group DG) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is Holdco Nuvo Group DG 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. Holdco Nuvo Group DG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

Holdco Nuvo Group DG's long-term debt to total assets ratio increased from Dec. 2021 (0.00) to Dec. 2023 (0.27). It may suggest that Holdco Nuvo Group DG is progressively becoming more dependent on debt to grow their business.

Holdco Nuvo Group DG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Holdco Nuvo Group DG'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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Holdco Nuvo Group DG LT-Debt-to-Total-Asset Chart

Holdco Nuvo Group DG Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.27

Holdco Nuvo Group DG Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	-	-	0.27

Holdco Nuvo Group DG LT-Debt-to-Total-Asset Calculation

Holdco Nuvo Group DG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.949	/	3.486
	=	0.27

Holdco Nuvo Group DG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.949	/	3.486
	=	0.27

Holdco Nuvo Group DG (NAS:NUVO) 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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Holdco Nuvo Group DG (Holdco Nuvo Group DG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Holdco Nuvo Group DG Ltd (NAS:NUVO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Yigal Alon Street, Alon Tower 1, Tel Aviv, ISR, 6789155

Website

https://www.nuvocares.com

Holdco Nuvo Group DG Ltd is a women's health and connected pregnancy care company and has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests and maternal and fetal heart rate monitoring, helping expectant mothers adhere to their prescribed care plan. It is leading the transformation from a world where pregnancy care is limited by outdated technology and barriers to accessing care to a world where data-driven, clinically relevant, actionable insights can be accessed both at home and in the clinic. INVU is composed of a hardware component (wearable), with digital signal processing and cloud analytics, and interfaces for every participant involved in pregnancy care.

Holdco Nuvo Group DG (Holdco Nuvo Group DG) Headlines

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