Ryman Healthcare (NZSE:RYM) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Ryman Healthcare 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. Ryman Healthcare's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Ryman Healthcare's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.20). It may suggest that Ryman Healthcare is progressively becoming more dependent on debt to grow their business.

Ryman Healthcare LT-Debt-to-Total-Asset Historical Data

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

Ryman Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.25

0.24

0.18

0.20

Ryman Healthcare Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.25	0.18	0.19	0.20

Ryman Healthcare LT-Debt-to-Total-Asset Calculation

Ryman Healthcare'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 )
	=	2569.064	/	13084.082
	=	0.20

Ryman Healthcare'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 )
	=	2569.064	/	13084.082
	=	0.20

Ryman Healthcare (NZSE:RYM) 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.

Ryman Healthcare LT-Debt-to-Total-Asset Related Terms

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Ryman Healthcare (NZSE:RYM) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ryman Healthcare Ltd (NZSE:RYM) » Definitions » LT-Debt-to-Total-Asset

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Address

92 Russley Road, P.O. Box 771, Airport Business Park, Christchurch, STL, NZL, 8042

Website

https://www.rymanhealthcare.co.nz

Ryman Healthcare develops, owns, and operates retirement villages and aged-care facilities in New Zealand and Australia. Most of its villages offer a combination of independent and serviced units, alongside hospital, dementia, and rest-home care. Income is predominantly earned from aged care fees, retirement unit management fees, development margins on new units, and capital gains generated when residents vacate and Ryman resells existing units.

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