Global Longlife Hospital & Research (BOM:543520) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Global Longlife Hospital & Research 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. Global Longlife Hospital & Research's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Global Longlife Hospital & Research's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.08). It may suggest that Global Longlife Hospital & Research is progressively becoming more dependent on debt to grow their business.

Global Longlife Hospital & Research LT-Debt-to-Total-Asset Historical Data

The historical data trend for Global Longlife Hospital & Research'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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Global Longlife Hospital & Research LT-Debt-to-Total-Asset Chart

Global Longlife Hospital & Research Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.40

0.34

0.08

0.05

0.08

Global Longlife Hospital & Research Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.08	0.04	0.05	0.02	0.08

Global Longlife Hospital & Research LT-Debt-to-Total-Asset Calculation

Global Longlife Hospital & Research'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 )
	=	34.097	/	417.304
	=	0.08

Global Longlife Hospital & Research'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 )
	=	34.097	/	417.304
	=	0.08

Global Longlife Hospital & Research (BOM:543520) 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.

Global Longlife Hospital & Research LT-Debt-to-Total-Asset Related Terms

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Global Longlife Hospital & Research (BOM:543520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Longlife Hospital & Research Ltd (BOM:543520) » Definitions » LT-Debt-to-Total-Asset

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Address

Pakwan Cross Road, Near Sindhubhavan Road, Near Water Tank, Opposite Auda Garden, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.globalhospital.co.in

Global Longlife Hospital & Research Ltd provides health care services. The company offers Oncology, Ophthalmology, Cardiology, Dermatology, Gynecology, Spine Surgery, Plastic Surgery, Ultrasound, Microbiology, Dialysis, and Physiotherapy among other healthcare services.

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