Alternate Health (XCNQ:AHG) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2019)

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What is Alternate Health 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. Alternate Health's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.07.

Alternate Health's long-term debt to total assets ratio declined from Sep. 2018 (0.15) to Sep. 2019 (0.07). It may suggest that Alternate Health is progressively becoming less dependent on debt to grow their business.

Alternate Health LT-Debt-to-Total-Asset Historical Data

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

Alternate Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

0.26

Alternate Health Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.15	0.26	0.30	0.08	0.07

Alternate Health LT-Debt-to-Total-Asset Calculation

Alternate Health's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	2.519	/	9.612
	=	0.26

Alternate Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	2.131	/	30.465
	=	0.07

Alternate Health (XCNQ:AHG) 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.

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Alternate Health (XCNQ:AHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alternate Health Corp (XCNQ:AHG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7373 Broadway Street, Suite 307, San Antonio, TX, USA, 78209

Website

https://www.alternatehealth.ca

Alternate Health Corp is a healthcare company. It uses expertise in technology and data analytics to revolutionize patient care and research in the emerging medical cannabis industry. It offers practice management and controlled substance management software, blood analysis and toxicology labs, clinical research, continuing education programs, nutraceutical products, and security and control services to the medical cannabis industry.