TNH Hospital Group JSC (STC:TNH) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2024)

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What is TNH Hospital Group JSC 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. TNH Hospital Group JSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.21.

TNH Hospital Group JSC's long-term debt to total assets ratio increased from Dec. 2023 (0.09) to Dec. 2024 (0.21). It may suggest that TNH Hospital Group JSC is progressively becoming more dependent on debt to grow their business.

TNH Hospital Group JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for TNH Hospital Group JSC'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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TNH Hospital Group JSC LT-Debt-to-Total-Asset Chart

TNH Hospital Group JSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.32

0.19

0.13

0.09

0.21

TNH Hospital Group JSC Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.09	0.12	0.15	0.20	0.21

TNH Hospital Group JSC LT-Debt-to-Total-Asset Calculation

TNH Hospital Group JSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	533149.294	/	2544086.8
	=	0.21

TNH Hospital Group JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	533149.294	/	2544086.8
	=	0.21

TNH Hospital Group JSC (STC:TNH) 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.

TNH Hospital Group JSC LT-Debt-to-Total-Asset Related Terms

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TNH Hospital Group JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TNH Hospital Group JSC (STC:TNH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

328 Luong Ngoc Quyen Street, Dong Quang Ward, Thai Nguyen, VNM

Website

https://www.tnh.com.vn

TNH Hospital Group JSC operates a hospital. The hospital provides surgical services, testing and diagnostics services, ventilator systems, imaging services, and other professional services.