Skylight Health Group (Skylight Health Group) LT-Debt-to-Total-Asset : 0.39 (As of Jun. 2022)

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What is Skylight Health Group 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. Skylight Health Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.39.

Skylight Health Group's long-term debt to total assets ratio increased from Jun. 2021 (0.20) to Jun. 2022 (0.39). It may suggest that Skylight Health Group is progressively becoming more dependent on debt to grow their business.

Skylight Health Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Skylight Health Group'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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Skylight Health Group LT-Debt-to-Total-Asset Chart

Skylight Health Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

0.09

0.04

0.22

Skylight Health Group Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.20	0.24	0.22	0.25	0.39

Skylight Health Group LT-Debt-to-Total-Asset Calculation

Skylight Health Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	11.35	/	51.13
	=	0.22

Skylight Health Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	21.98	/	56.407
	=	0.39

Skylight Health Group (OTCPK:SLHGF) 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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Skylight Health Group (Skylight Health Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Skylight Health Group Inc (OTCPK:SLHGF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5520 Explorer Drive, Suite 402, Mississauga, ON, CAN, L4W 5L1

Website

https://www.skylighthealthgroup.com

Skylight Health Group Inc is a healthcare services and technology company, working to impact patient health outcomes. The company operates a US multi-state health network that comprises physical multi-disciplinary medical clinics providing a range of services from primary care, subspecialty, allied health and diagnostic testing.