Freedom Care Group Holdings (ASX:FCG) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Freedom Care Group Holdings 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. Freedom Care Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Freedom Care Group Holdings's long-term debt to total assets ratio increased from Jun. 2022 (0.02) to Dec. 2023 (0.06). It may suggest that Freedom Care Group Holdings is progressively becoming more dependent on debt to grow their business.

Freedom Care Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings LT-Debt-to-Total-Asset Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

LT-Debt-to-Total-Asset

0.08

0.02

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
LT-Debt-to-Total-Asset	0.08	0.02	0.07	0.06

Freedom Care Group Holdings LT-Debt-to-Total-Asset Calculation

Freedom Care Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	0.038	/	1.639
	=	0.02

Freedom Care Group Holdings'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 )
	=	0.424	/	7.357
	=	0.06

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings LT-Debt-to-Total-Asset Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.