Aashka Hospitals (BOM:543346) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Aashka Hospitals 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. Aashka Hospitals's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Aashka Hospitals's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.07). It may suggest that Aashka Hospitals is progressively becoming more dependent on debt to grow their business.

Aashka Hospitals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aashka Hospitals'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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Aashka Hospitals LT-Debt-to-Total-Asset Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.42

0.31

0.13

0.07

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.13	0.13	-	0.10	0.07

Aashka Hospitals LT-Debt-to-Total-Asset Calculation

Aashka Hospitals'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 )
	=	82.673	/	1214.535
	=	0.07

Aashka Hospitals'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 )
	=	82.673	/	1214.535
	=	0.07

Aashka Hospitals (BOM:543346) 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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Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

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