Quipt Home Medical (TSX:QIPT) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Quipt Home Medical 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. Quipt Home Medical's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Quipt Home Medical's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.29). It may suggest that Quipt Home Medical is progressively becoming less dependent on debt to grow their business.

Quipt Home Medical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quipt Home Medical'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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Quipt Home Medical LT-Debt-to-Total-Asset Chart

Quipt Home Medical Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.31

0.23

0.16

0.08

0.31

Quipt Home Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.31	0.31	0.30	0.29

Quipt Home Medical LT-Debt-to-Total-Asset Calculation

Quipt Home Medical's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	101.99	/	334.768
	=	0.30

Quipt Home Medical's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	98.956	/	336.524
	=	0.29

Quipt Home Medical (TSX:QIPT) 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.

Quipt Home Medical LT-Debt-to-Total-Asset Related Terms

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Quipt Home Medical (TSX:QIPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Quipt Home Medical Corp (TSX:QIPT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

QIPT:USA

Address

1019 Town Drive, Wilder, KY, USA, 41076

Website

https://www.quipthomemedical.com

Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company's services consist of Daily and Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea and PAP Treatment.

Executives

Mark Alan Greenberg

Director