Element Lifestyle Retirement (TSXV:ELM) LT-Debt-to-Total-Asset : 1.56 (As of Feb. 2024)

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What is Element Lifestyle Retirement 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. Element Lifestyle Retirement's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 1.56.

Element Lifestyle Retirement's long-term debt to total assets ratio increased from Feb. 2023 (1.14) to Feb. 2024 (1.56). It may suggest that Element Lifestyle Retirement is progressively becoming more dependent on debt to grow their business.

Element Lifestyle Retirement LT-Debt-to-Total-Asset Historical Data

The historical data trend for Element Lifestyle Retirement'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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Element Lifestyle Retirement LT-Debt-to-Total-Asset Chart

Element Lifestyle Retirement Annual Data

Trend

Mar14

Mar15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.33

0.60

1.11

1.12

1.32

Element Lifestyle Retirement Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.14	1.32	1.48	1.54	1.56

Element Lifestyle Retirement LT-Debt-to-Total-Asset Calculation

Element Lifestyle Retirement's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	1.733	/	1.311
	=	1.32

Element Lifestyle Retirement's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	1.893	/	1.212
	=	1.56

Element Lifestyle Retirement (TSXV:ELM) 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.

Element Lifestyle Retirement LT-Debt-to-Total-Asset Related Terms

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Element Lifestyle Retirement (TSXV:ELM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Element Lifestyle Retirement Inc (TSXV:ELM) » Definitions » LT-Debt-to-Total-Asset

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Address

438 West King Edward Avenue, Vancouver, BC, CAN, V5Y 0M5

Website

https://www.elementlifestyleretirement.com

Element Lifestyle Retirement Inc is a Canada based company that operates retirement communities. The company provides specialized development expertise and flexible, management services for senior retirement communities. Its consulting services include property selection, assembly, and acquisition; municipal approval and land entitlement processes; financing; marketing, sales and leasing, and construction project management.

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