Thonburi Healthcare Group PCL (BKK:THG) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Thonburi Healthcare Group PCL 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. Thonburi Healthcare Group PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Thonburi Healthcare Group PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.16). It may suggest that Thonburi Healthcare Group PCL is progressively becoming less dependent on debt to grow their business.

Thonburi Healthcare Group PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thonburi Healthcare Group PCL'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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Thonburi Healthcare Group PCL LT-Debt-to-Total-Asset Chart

Thonburi Healthcare Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.30

0.20

0.21

0.10

Thonburi Healthcare Group PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.18	0.16	0.10	0.16

Thonburi Healthcare Group PCL LT-Debt-to-Total-Asset Calculation

Thonburi Healthcare Group PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2283.954	/	23549.632
	=	0.10

Thonburi Healthcare Group PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3769.113	/	23651.835
	=	0.16

Thonburi Healthcare Group PCL (BKK:THG) 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.

Thonburi Healthcare Group PCL LT-Debt-to-Total-Asset Related Terms

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Thonburi Healthcare Group PCL (BKK:THG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Thonburi Healthcare Group PCL (BKK:THG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

34/1, Issaraphap Road, Banchanglor, Bangkoknoi, Bangkok, THA, 10700

Website

https://www.thg.co.th

Thonburi Healthcare Group PCL provides medical and hospital management services. It operates private hospitals in Thailand, both in Bangkok and other parts of the country, through direct management, affiliated firms as well as joint ventures. The group's business operations involve five segments: hospital operations; hospital management; healthcare solution provider; development and sales of hospital operation software and property development. It drives most of its revenue from the hospital operations.