Jack Nathan Medical (TSXV:JNH) LT-Debt-to-Total-Asset: 0.78 (As of Oct. 2023)

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What is Jack Nathan Medical LT-Debt-to-Total-Asset?

Jack Nathan Medical TSXV:JNH LT-Debt-to-Total-Asset is 0.78 as of Oct. 2023.

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. Jack Nathan Medical's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.78.

Jack Nathan Medical's long-term debt to total assets ratio increased from Oct. 2022 (0.40) to Oct. 2023 (0.78). It may suggest that Jack Nathan Medical is progressively becoming more dependent on debt to grow their business.

Jack Nathan Medical  (TSXV:JNH) 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.

Jack Nathan Medical LT-Debt-to-Total-Asset Related Terms

Jack Nathan Medical LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Jack Nathan 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.

Jack Nathan Medical LT-Debt-to-Total-Asset Chart

Jack Nathan Medical Annual Data
Trend Dec18 Dec19 Jan20 Jan21 Jan22 Jan23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.00 0.19 0.04 0.08 0.00

Jack Nathan Medical Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.00 0.00 0.74 0.78

Jack Nathan Medical LT-Debt-to-Total-Asset Calculation

Jack Nathan Medical's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )/Total Assets (A: Jan. 2023 )
=0/6.5
=0.00

Jack Nathan Medical's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )/Total Assets (Q: Oct. 2023 )
=9.323/11.906
=0.78

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.78 mean?
Jack Nathan Medical (TSXV:JNH) has a LT-Debt-to-Total-Asset of 0.78 as of Oct. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Jack Nathan Medical and its competitors.
Is Jack Nathan Medical's LT-Debt-to-Total-Asset too high?
Jack Nathan Medical's current LT-Debt-to-Total-Asset is 0.78.
How does Jack Nathan Medical's LT-Debt-to-Total-Asset compare to HCA and UHS?
Jack Nathan Medical's LT-Debt-to-Total-Asset of 0.78 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Healthcare Providers & Services company?
A good LT-Debt-to-Total-Asset depends on the Healthcare Providers & Services industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Jack Nathan Medical and its competitors. Jack Nathan Medical's current LT-Debt-to-Total-Asset is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jack Nathan Medical stock overvalued right now?
Jack Nathan Medical (TSXV:JNH) has a current LT-Debt-to-Total-Asset of 0.78. The current LT-Debt-to-Total-Asset is 0.78. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Jack Nathan Medical (TSXV:JNH), the current LT-Debt-to-Total-Asset is 0.78 as of Oct. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jack Nathan Medical Business Description

Address 6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6
Jack Nathan Medical Corp is a provider of primary care medical clinics located in Walmart Supercentres under the Jack Nathan Health brand. The company designs, builds and sets barrier-free medical clinics for physicians in high-density centers, providing patients with an opportunity to receive immediate access to quality care in modern facilities.