Chennai Meenakshi Multispeciality Hospital (BOM:523489) LT-Debt-to-Total-Asset : 0.48 (As of Mar. 2024)

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What is Chennai Meenakshi Multispeciality Hospital 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. Chennai Meenakshi Multispeciality Hospital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.48.

Chennai Meenakshi Multispeciality Hospital's long-term debt to total assets ratio increased from Mar. 2023 (0.47) to Mar. 2024 (0.48). It may suggest that Chennai Meenakshi Multispeciality Hospital is progressively becoming more dependent on debt to grow their business.

Chennai Meenakshi Multispeciality Hospital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chennai Meenakshi Multispeciality Hospital'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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Chennai Meenakshi Multispeciality Hospital LT-Debt-to-Total-Asset Chart

Chennai Meenakshi Multispeciality Hospital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.59

0.60

0.50

0.47

0.48

Chennai Meenakshi Multispeciality Hospital 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															0.47	-	0.47	-	0.48

Chennai Meenakshi Multispeciality Hospital LT-Debt-to-Total-Asset Calculation

Chennai Meenakshi Multispeciality Hospital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	109.767	/	228.088
	=	0.48

Chennai Meenakshi Multispeciality Hospital'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 )
	=	109.767	/	228.088
	=	0.48

Chennai Meenakshi Multispeciality Hospital (BOM:523489) 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.

Chennai Meenakshi Multispeciality Hospital LT-Debt-to-Total-Asset Related Terms

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Chennai Meenakshi Multispeciality Hospital (BOM:523489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chennai Meenakshi Multispeciality Hospital Ltd (BOM:523489) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luz Church Road, New No. 70, Old No. 149, Mylapore, Chennai, TN, IND, 600004

Website

https://cmmh.in

Chennai Meenakshi Multispeciality Hospital Ltd is an India-based company engaged in hospital activities. It provides healthcare and pharmacy services. The hospital offers facilities like outpatient services, operation theatre, dialysis center, diagnostic services, and other facilities. It consists of departments like Cardiology Department, Casualty Department, Diagnostic Services, Intensive Care Unit, Nephrology Department, Physiotherapy Department, and others. The majority of the revenue is derived from providing inpatient and outpatient facilities.

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