Hapvida Participacoes Investimento (BSP:HAPV3) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Hapvida Participacoes Investimento 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. Hapvida Participacoes Investimento's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Hapvida Participacoes Investimento's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.16). It may suggest that Hapvida Participacoes Investimento is progressively becoming less dependent on debt to grow their business.

Hapvida Participacoes Investimento LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hapvida Participacoes Investimento'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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Hapvida Participacoes Investimento LT-Debt-to-Total-Asset Chart

Hapvida Participacoes Investimento Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.22

0.28

0.16

Hapvida Participacoes Investimento Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.17	0.16	0.16

Hapvida Participacoes Investimento LT-Debt-to-Total-Asset Calculation

Hapvida Participacoes Investimento'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 )
	=	12279.303	/	75155.841
	=	0.16

Hapvida Participacoes Investimento's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	12279.303	/	75155.841
	=	0.16

Hapvida Participacoes Investimento (BSP:HAPV3) 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.

Hapvida Participacoes Investimento LT-Debt-to-Total-Asset Related Terms

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Hapvida Participacoes Investimento (BSP:HAPV3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hapvida Participacoes Investimento SA (BSP:HAPV3) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 406, Avenue Heraclito Graca, Fortaleza, CE, BRA, 60140-061

Website

https://ri.hapvida.com.br

Hapvida Participacoes Investimento SA is the medical-hospital and dental care company. The Company and its subsidiaries are mainly engaged in: (i) the sale of health insurance plans and delivering the majority of medical assistance at its own hospitals, clinics, imaging diagnostics and laboratories; and (ii) the sale of dental insurance plans for services provided by an accredited network.

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