Inspiration Healthcare Group (LSE:IHC) LT-Debt-to-Total-Asset : 0.19 (As of Jul. 2023)

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What is Inspiration Healthcare Group 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. Inspiration Healthcare Group's long-term debt to total assests ratio for the quarter that ended in Jul. 2023 was 0.19.

Inspiration Healthcare Group's long-term debt to total assets ratio increased from Jul. 2022 (0.13) to Jul. 2023 (0.19). It may suggest that Inspiration Healthcare Group is progressively becoming more dependent on debt to grow their business.

Inspiration Healthcare Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Inspiration Healthcare Group'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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Inspiration Healthcare Group LT-Debt-to-Total-Asset Chart

Inspiration Healthcare Group Annual Data

Trend

Dec14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

LT-Debt-to-Total-Asset

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0.03

0.07

0.14

0.19

Inspiration Healthcare Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.14	0.13	0.19	0.19

Inspiration Healthcare Group LT-Debt-to-Total-Asset Calculation

Inspiration Healthcare Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	10.176	/	54.894
	=	0.19

Inspiration Healthcare Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (Q: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2023 )	/	Total Assets (Q: Jul. 2023 )
	=	9.852	/	53.147
	=	0.19

Inspiration Healthcare Group (LSE:IHC) 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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Inspiration Healthcare Group (LSE:IHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Inspiration Healthcare Group PLC (LSE:IHC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 7/8 Commerce Park, Commerce Way, Croydon, GBR, CR0 4YL

Website

https://www.inspirationhealthcaregroup.com

Inspiration Healthcare Group PLC supplies outcome-improving medical devices in the areas of neonatal intensive care and patient warming. It operates in the Critical Care Medical Devices segment which includes Critical Care, Operating Theatre, and Home Healthcare. The company derives the maximum of its revenue from the United Kingdom through the Critical Care market division.