Medinex (SGX:OTX) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Medinex 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. Medinex's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Medinex's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.06) to Sep. 2024 (0.06).

Medinex LT-Debt-to-Total-Asset Historical Data

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

Medinex Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.14

0.10

0.07

0.06

Medinex Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.09	0.07	0.06	0.06	0.06

Medinex LT-Debt-to-Total-Asset Calculation

Medinex'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 )
	=	1.252	/	20.498
	=	0.06

Medinex'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 )
	=	1.131	/	20.091
	=	0.06

Medinex (SGX:OTX) 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.

Medinex LT-Debt-to-Total-Asset Related Terms

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Medinex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medinex Ltd (SGX:OTX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 North Bridge Road, No. 23-04, Peninsula Plaza, Singapore, SGP, 179098

Website

https://www.medinex.com.sg

Medinex Ltd is an investment holding company. The company has four business segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services. The company generates maximum revenue from the Medical Support Services segment. The Medical support services business segment provides professional services to clients in primary and secondary healthcare sectors comprising general practitioners and specialists.

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