Oceania Healthcare (NZSE:OCA) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Oceania 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. Oceania Healthcare's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Oceania Healthcare's long-term debt to total assets ratio declined from Sep. 2023 (0.23) to Sep. 2024 (0.23). It may suggest that Oceania Healthcare is progressively becoming less dependent on debt to grow their business.

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

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

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.19

0.22

0.18

0.22

0.23

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.21	0.22	0.23	0.23	0.23

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

Oceania 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 )
	=	651.723	/	2782.348
	=	0.23

Oceania Healthcare'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 )
	=	650.25	/	2821.198
	=	0.23

Oceania Healthcare (NZSE:OCA) 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.

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

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Oceania Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » LT-Debt-to-Total-Asset

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OCA:Australia

Address

188 Quay Street, Level 26, HSBC Tower, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as the provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates throughout New Zealand. The company derives revenue from Rest homes, hospitals, dementia fees, Village service fees, Rental income, and others.