EMvision Medical Devices (ASX:EMV) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is EMvision Medical Devices 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. EMvision Medical Devices's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

EMvision Medical Devices's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.02). It may suggest that EMvision Medical Devices is progressively becoming less dependent on debt to grow their business.

EMvision Medical Devices LT-Debt-to-Total-Asset Historical Data

The historical data trend for EMvision Medical Devices'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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EMvision Medical Devices LT-Debt-to-Total-Asset Chart

EMvision Medical Devices Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.06

0.03

EMvision Medical Devices Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.06	0.04	0.03	0.02

EMvision Medical Devices LT-Debt-to-Total-Asset Calculation

EMvision Medical Devices'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 )
	=	0.313	/	11.518
	=

EMvision Medical Devices'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 )
	=	0.191	/	11.237
	=

EMvision Medical Devices (ASX:EMV) 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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EMvision Medical Devices (ASX:EMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » EMvision Medical Devices Ltd (ASX:EMV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Epping Road, Suite 4.01, Macquarie Park, NSW, AUS, 2113

Website

https://www.emvision.com.au

EMvision Medical Devices Ltd is an Australian medical device company. The company is focused on the research, development, and commercialization of medical imaging and diagnostic technology. It is seeking to commercialize a potentially low-cost, portable medical imaging device using electromagnetic microwave imaging for stroke diagnosis and monitoring and other medical imaging needs.

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