Euro-Med Laboratories Philippines (PHS:EURO) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Euro-Med Laboratories Philippines 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. Euro-Med Laboratories Philippines's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Euro-Med Laboratories Philippines's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.07) to Sep. 2024 (0.07).

Euro-Med Laboratories Philippines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Euro-Med Laboratories Philippines'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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Euro-Med Laboratories Philippines LT-Debt-to-Total-Asset Chart

Euro-Med Laboratories Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.06

0.09

0.08

0.07

Euro-Med Laboratories Philippines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.07	0.07

Euro-Med Laboratories Philippines LT-Debt-to-Total-Asset Calculation

Euro-Med Laboratories Philippines'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 )
	=	756.39	/	10763.918
	=	0.07

Euro-Med Laboratories Philippines'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 )
	=	771.267	/	10954.272
	=	0.07

Euro-Med Laboratories Philippines (PHS:EURO) 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.

Euro-Med Laboratories Philippines LT-Debt-to-Total-Asset Related Terms

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Euro-Med Laboratories Philippines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Euro-Med Laboratories Philippines Inc (PHS:EURO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

San Marcelino Street, 1000 United Nations Avenue corner Street, PPL Building, 2nd floor, Manila, PHL, 1000

Website

https://www.euromedlab.net/neo

Euro-Med Laboratories Philippines Inc is a pharmaceutical-based company that engages in the manufacture of pharmaceutical products such as large and small-volume parenterals and other solutions. The company also manufactures sterile water for the injection, and other solutions such as ophthalmic, inhalation, irrigation, and dialysis.

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