Promisia Healthcare (NZSE:PHL) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Promisia 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. Promisia Healthcare's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Promisia Healthcare's long-term debt to total assets ratio declined from Sep. 2023 (0.41) to Sep. 2024 (0.24). It may suggest that Promisia Healthcare is progressively becoming less dependent on debt to grow their business.

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

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

Promisia Healthcare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.32

0.27

0.06

Promisia Healthcare Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Oct20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.27	0.41	0.06	0.24

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

Promisia 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 )
	=	5.182	/	84.345
	=	0.06

Promisia 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 )
	=	46.81	/	193.342
	=	0.24

Promisia Healthcare (NZSE:PHL) 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.

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

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Promisia Healthcare Business Description

Industry

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

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Address

50 Customhouse Quay, Level 2, Wellington, NTL, NZL, 6011

Website

https://www.promisia.co.nz

Promisia Healthcare Ltd is engaged in the provision of aged care in New Zealand. The company's services include Rest Home Care; Hospital Care; Respite Care; Young Disabled Care; Dementia Care; Palliative Care; Adult Day Care and others. The Group operates in one operating segment the provision of aged care in New Zealand.

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