Prism Medical (Prism Medical) LT-Debt-to-Total-Asset : 0.03 (As of May. 2016)

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What is Prism Medical 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. Prism Medical's long-term debt to total assests ratio for the quarter that ended in May. 2016 was 0.03.

Prism Medical's long-term debt to total assets ratio declined from May. 2015 (0.20) to May. 2016 (0.03). It may suggest that Prism Medical is progressively becoming less dependent on debt to grow their business.

Prism Medical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prism Medical'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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Prism Medical LT-Debt-to-Total-Asset Chart

Prism Medical Annual Data

Trend

Nov06

Nov07

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

LT-Debt-to-Total-Asset

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0.05

0.01

0.13

0.04

Prism Medical Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.21	0.04	0.04	0.03

Prism Medical LT-Debt-to-Total-Asset Calculation

Prism Medical's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2015 is calculated as

LT Debt to Total Assets (A: Nov. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2015 )	/	Total Assets (A: Nov. 2015 )
	=	1.513	/	38.407
	=	0.04

Prism Medical's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2016 is calculated as

LT Debt to Total Assets (Q: May. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2016 )	/	Total Assets (Q: May. 2016 )
	=	1.386	/	41.195
	=	0.03

Prism Medical (OTCPK:PSDLF) 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.

Prism Medical LT-Debt-to-Total-Asset Related Terms

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Prism Medical (Prism Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Prism Medical Ltd (OTCPK:PSDLF) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

http://www.prismmedicalltd.com

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom.

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