Clearday (STU:ST7E) LT-Debt-to-Total-Asset : 0.45 (As of Sep. 2023)

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What is Clearday 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. Clearday's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.45.

Clearday's long-term debt to total assets ratio declined from Sep. 2022 (0.77) to Sep. 2023 (0.45). It may suggest that Clearday is progressively becoming less dependent on debt to grow their business.

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

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

Clearday Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.77

0.97

0.77

Clearday Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.77	0.77	0.45	0.55	0.45

Clearday LT-Debt-to-Total-Asset Calculation

Clearday's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	24.364	/	31.861
	=	0.76

Clearday'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 )
	=	4.258	/	9.562
	=	0.45

Clearday (STU:ST7E) 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.

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

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Clearday Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clearday Inc (STU:ST7E) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CLRD:USA

Address

8800 Village Drive, Suite 106, San Antonio, TX, USA, 78217

Website

https://www.myclearday.com

Clearday Inc is a non-acute health care services company. It operates four residential care facilities and a daycare center that serve primarily older Americans and persons facing cognitive issues such as Alzheimer's and other forms of dementia. Some of its products include Clearday Network, Clearday at Home, Clearday Clubs, and memory care America.

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