Amica Mature Lifestyles (TSX:ACC) LT-Debt-to-Total-Asset : 0.42 (As of Aug. 2015)

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What is Amica Mature Lifestyles 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. Amica Mature Lifestyles's long-term debt to total assests ratio for the quarter that ended in Aug. 2015 was 0.42.

Amica Mature Lifestyles's long-term debt to total assets ratio increased from Aug. 2014 (0.35) to Aug. 2015 (0.42). It may suggest that Amica Mature Lifestyles is progressively becoming more dependent on debt to grow their business.

Amica Mature Lifestyles LT-Debt-to-Total-Asset Historical Data

The historical data trend for Amica Mature Lifestyles'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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Amica Mature Lifestyles LT-Debt-to-Total-Asset Chart

Amica Mature Lifestyles Annual Data

Trend

May06

May07

May08

May09

May10

May11

May12

May13

May14

May15

LT-Debt-to-Total-Asset

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0.28

0.38

0.43

Amica Mature Lifestyles Quarterly Data
	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.41	0.42	0.43	0.42

Amica Mature Lifestyles LT-Debt-to-Total-Asset Calculation

Amica Mature Lifestyles's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2015 is calculated as

LT Debt to Total Assets (A: May. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2015 )	/	Total Assets (A: May. 2015 )
	=	273.739	/	639.269
	=	0.43

Amica Mature Lifestyles's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2015 is calculated as

LT Debt to Total Assets (Q: Aug. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2015 )	/	Total Assets (Q: Aug. 2015 )
	=	268.827	/	636.027
	=	0.42

Amica Mature Lifestyles (TSX:ACC) 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.

Amica Mature Lifestyles LT-Debt-to-Total-Asset Related Terms

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Amica Mature Lifestyles (TSX:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Amica Mature Lifestyles Inc (TSX:ACC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Website

http://www.amica.ca

Amica Mature Lifestyles Inc was incorporated on November 5, 1996 under the Business Corporations Act (Alberta) and on December 7, 1998, was continued under the Canada Business Corporations Act. The Company is engaged in the design, development, marketing, management and ownership of luxury seniors residences. The Company earns revenues from the ownership and operation of senior residences, management fees based on gross revenue of the seniors residences, design and marketing fees during the development, construction and lease-up of the seniors residences, guarantee fees on the co-tenancy debt that the Company has guaranteed and interest income on loans advanced by the Company to the co-tenancies.