Pennant Group (STU:1ZU) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2024)

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What is Pennant 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. Pennant Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.37.

Pennant Group's long-term debt to total assets ratio declined from Dec. 2023 (0.58) to Dec. 2024 (0.37). It may suggest that Pennant Group is progressively becoming less dependent on debt to grow their business.

Pennant Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pennant 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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Pennant Group LT-Debt-to-Total-Asset Chart

Pennant Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.60

0.64

0.61

0.58

0.37

Pennant Group Quarterly Data
	Mar20	Jun20	Sep20	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															0.58	0.57	0.55	0.55	0.37

Pennant Group LT-Debt-to-Total-Asset Calculation

Pennant Group'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 )
	=	242.016	/	648.943
	=	0.37

Pennant Group'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 )
	=	242.016	/	648.943
	=	0.37

Pennant Group (STU:1ZU) 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.

Pennant Group LT-Debt-to-Total-Asset Related Terms

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Pennant Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pennant Group Inc (STU:1ZU) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PNTG:USA 1ZU:Germany

Address

1675 East Riverside Drive, Suite 150, Eagle, ID, USA, 83616

Website

https://www.pennantgroup.com

Pennant Group Inc is engaged in providing healthcare services to patients of all ages, including the growing senior population, in the United States. It operates in multiple lines of business including home health, hospice, and senior living which includes the company's assisted living, independent living, and memory care communities across Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The company generates majority of its revenue from home health and hospice services segment, which includes its home health, hospice and home care businesses.

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