Rainbow Childrens Medicare (BOM:543524) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is Rainbow Childrens Medicare 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. Rainbow Childrens Medicare's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

Rainbow Childrens Medicare's long-term debt to total assets ratio increased from Mar. 2023 (0.32) to Mar. 2024 (0.35). It may suggest that Rainbow Childrens Medicare is progressively becoming more dependent on debt to grow their business.

Rainbow Childrens Medicare LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rainbow Childrens Medicare'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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Rainbow Childrens Medicare LT-Debt-to-Total-Asset Chart

Rainbow Childrens Medicare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.46

0.47

0.43

0.32

0.35

Rainbow Childrens Medicare Quarterly Data
	Mar19	Mar20	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											0.32	-	0.33	-	0.35

Rainbow Childrens Medicare LT-Debt-to-Total-Asset Calculation

Rainbow Childrens Medicare'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 )
	=	7483.31	/	21703.98
	=	0.34

Rainbow Childrens Medicare'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 )
	=	7483.31	/	21703.98
	=	0.34

Rainbow Childrens Medicare (BOM:543524) 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.

Rainbow Childrens Medicare LT-Debt-to-Total-Asset Related Terms

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Rainbow Childrens Medicare (BOM:543524) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rainbow Childrens Medicare Ltd (BOM:543524) » Definitions » LT-Debt-to-Total-Asset

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RAINBOW:India

Address

Road No. 2, Banjara Hills, 8-2-120/103/1, Survey No. 403, Hyderabad, TG, IND, 500034

Website

https://www.rainbowhospitals.in

Rainbow Childrens Medicare Ltd operates a multi-specialty pediatric, obstetrics, and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics, and gynecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care.

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