NVOS (Novo Integrated Sciences) LT-Debt-to-Total-Asset: 0.05 (As of May. 2024)


NVOS Novo Integrated Sciences Inc NVOS
12 GF Score
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What is Novo Integrated Sciences LT-Debt-to-Total-Asset?

Novo Integrated Sciences NVOS -10.26% 12 LT-Debt-to-Total-Asset is 0.05 as of May. 2024. GuruFocus rates NVOS with a GF Score™ of 12/100.

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. Novo Integrated Sciences's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.05.

Novo Integrated Sciences's long-term debt to total assets ratio declined from May. 2023 (0.05) to May. 2024 (0.05). It may suggest that Novo Integrated Sciences is progressively becoming less dependent on debt to grow their business.

Novo Integrated Sciences  (OTCPK:NVOS) 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.

Novo Integrated Sciences LT-Debt-to-Total-Asset Related Terms

Novo Integrated Sciences LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Novo Integrated Sciences'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.

Novo Integrated Sciences LT-Debt-to-Total-Asset Chart

Novo Integrated Sciences Annual Data
Trend Dec14 Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.09 0.13 0.08 0.05

Novo Integrated Sciences Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.04 0.05 0.05
NVOS
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Novo Integrated Sciences Inc NVOS
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Novo Integrated Sciences LT-Debt-to-Total-Asset Calculation

Novo Integrated Sciences's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )/Total Assets (A: Aug. 2023 )
=1.759/35.563
=0.05

Novo Integrated Sciences's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )/Total Assets (Q: May. 2024 )
=1.598/35.327
=0.05

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.05 mean?
Novo Integrated Sciences (NVOS) has a LT-Debt-to-Total-Asset of 0.05 as of May. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' LT-Debt-to-Total-Asset too high?
Novo Integrated Sciences' current LT-Debt-to-Total-Asset is 0.05. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' LT-Debt-to-Total-Asset compare to BACK and NHLG?
Novo Integrated Sciences' LT-Debt-to-Total-Asset of 0.05 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Healthcare Providers & Services company?
A good LT-Debt-to-Total-Asset depends on the Healthcare Providers & Services industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current LT-Debt-to-Total-Asset is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current LT-Debt-to-Total-Asset of 0.05. The current LT-Debt-to-Total-Asset is 0.05. Novo Integrated Sciences' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Novo Integrated Sciences (NVOS), the current LT-Debt-to-Total-Asset is 0.05 as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novo Integrated Sciences Business Description

Address 11120 NE 2nd Street, Suite 100, Bellevue, WA, USA, 98004
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
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