Sangani Hospitals (NSE:SANGANI) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Sangani 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. Sangani Hospitals's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.01.

Sangani Hospitals's long-term debt to total assets ratio declined from Mar. 2021 (0.12) to Mar. 2023 (0.01). It may suggest that Sangani Hospitals is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Sangani 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.

* Premium members only.

Sangani Hospitals LT-Debt-to-Total-Asset Chart

Sangani Hospitals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.11

0.12

0.03

0.01

Sangani Hospitals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.11	0.12	0.03	0.01

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

Sangani Hospitals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1.008	/	195.901
	=	0.01

Sangani Hospitals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	1.008	/	195.901
	=	0.01

Sangani Hospitals (NSE:SANGANI) 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.

Sangani Hospitals LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sangani Hospitals's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sangani Hospitals (NSE:SANGANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sangani Hospitals Ltd (NSE:SANGANI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sainath Society, Opp. S. T, Village Keshod, Junagadh, GJ, IND, 362220

Website

https://www.sanganihospitals.com

Sangani Hospitals Ltd is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds. Its services predominantly includes super specialty services, specialty services and other support services. It also operates a pathology laboratory and medical store. Currently, It operates out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat. Sangani Hospital is 36 beds multi-specialty hospital with primary, secondary and tertiary care facilities.

Sangani Hospitals (NSE:SANGANI) Headlines

No Headlines