Apiam Animal Health (ASX:AHX) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Apiam Animal 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. Apiam Animal Health's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

Apiam Animal Health's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.38). It may suggest that Apiam Animal Health is progressively becoming more dependent on debt to grow their business.

Apiam Animal Health LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apiam Animal 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.

* Premium members only.

Apiam Animal Health LT-Debt-to-Total-Asset Chart

Apiam Animal Health Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.22

0.32

0.29

0.37

Apiam Animal Health Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.39	0.29	0.10	0.37	0.38

Apiam Animal Health LT-Debt-to-Total-Asset Calculation

Apiam Animal Health's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	90.109	/	246.036
	=	0.37

Apiam Animal Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	100.347	/	261.373
	=	0.38

Apiam Animal Health (ASX:AHX) 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.

Apiam Animal Health LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Apiam Animal Health's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Apiam Animal Health (ASX:AHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Apiam Animal Health Ltd (ASX:AHX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

27- 33 Piper Lane, East Bendigo, Bendigo, VIC, AUS, 3550

Website

https://www.apiam.com.au

Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed.

Apiam Animal Health (ASX:AHX) Headlines

No Headlines