Acurity Health Group (NZSE:ACY) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2014)

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What is Acurity Health Group 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. Acurity Health Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2014 was 0.07.

Acurity Health Group's long-term debt to total assets ratio declined from Mar. 2013 (0.21) to Mar. 2014 (0.07). It may suggest that Acurity Health Group is progressively becoming less dependent on debt to grow their business.

Acurity Health Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Acurity Health Group'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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Acurity Health Group LT-Debt-to-Total-Asset Chart

Acurity Health Group Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

LT-Debt-to-Total-Asset

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0.09

0.12

0.20

0.21

0.07

Acurity Health Group Semi-Annual Data
	Mar02	Mar03	Sep03	Mar04	Sep04	Mar05	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.23	0.21	0.18	0.07

Acurity Health Group LT-Debt-to-Total-Asset Calculation

Acurity Health Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2014 is calculated as

LT Debt to Total Assets (A: Mar. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2014 )	/	Total Assets (A: Mar. 2014 )
	=	13.11	/	177.579
	=	0.07

Acurity Health Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2014 is calculated as

LT Debt to Total Assets (Q: Mar. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2014 )	/	Total Assets (Q: Mar. 2014 )
	=	13.11	/	177.579
	=	0.07

Acurity Health Group (NZSE:ACY) 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.

Acurity Health Group LT-Debt-to-Total-Asset Related Terms

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Acurity Health Group (NZSE:ACY) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Acurity Health Group Ltd (NZSE:ACY) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

http://www.acurity.co.nz

Acurity Health Group Ltd provides private surgical healthcare services. It owns and operates approximately three private surgical hospitals. Its surgical services include cosmetic surgery, hip and knee replacement, and hernia surgery, among others.

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