SLDX (Stella Diagnostics) LT-Debt-to-Total-Asset : 1.81 (As of Sep. 2023)

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What is Stella Diagnostics 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. Stella Diagnostics's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.81.

Stella Diagnostics's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2023 (1.81). It may suggest that Stella Diagnostics is progressively becoming more dependent on debt to grow their business.

Stella Diagnostics LT-Debt-to-Total-Asset Historical Data

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

Stella Diagnostics Annual Data

Trend

LT-Debt-to-Total-Asset

Stella Diagnostics Quarterly Data
	Sep22	Sep23
LT-Debt-to-Total-Asset	-	1.81

Stella Diagnostics LT-Debt-to-Total-Asset Calculation

Stella Diagnostics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Stella Diagnostics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.798	/	0.441
	=

Stella Diagnostics (OTCPK:SLDX) 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.

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Stella Diagnostics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Stella Diagnostics Inc (OTCPK:SLDX) » Definitions » LT-Debt-to-Total-Asset

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Address

50 West Broadway, Suite 300, Salt Lake City, UT, USA, 84104

Website

https://www.stelladx.com

Stella Diagnostics Inc is a molecular diagnostics-based organization focused on improving patient management strategies for people living with severe esophageal disease. It is developing first-line diagnostic tools that provide superior molecular information for providers as compared to the current standard screening protocols.