MedAvail Holdings (STU:73M) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2023)

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What is MedAvail Holdings 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. MedAvail Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.07.

MedAvail Holdings's long-term debt to total assets ratio declined from Jun. 2022 (0.22) to Jun. 2023 (0.07). It may suggest that MedAvail Holdings is progressively becoming less dependent on debt to grow their business.

MedAvail Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for MedAvail Holdings'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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MedAvail Holdings LT-Debt-to-Total-Asset Chart

MedAvail Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.72

0.01

0.30

0.19

MedAvail Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.22	0.23	0.19	0.06	0.07

MedAvail Holdings LT-Debt-to-Total-Asset Calculation

MedAvail Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	6.01	/	31.277
	=	0.19

MedAvail Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1.898	/	27.605
	=	0.07

MedAvail Holdings (STU:73M) 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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MedAvail Holdings (STU:73M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MedAvail Holdings Inc (STU:73M) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MDVL:USA

Address

4720 East Cotton Gin Loop, Suite 220, Phoenix, AZ, USA, 85040

Website

https://www.medavail.com

MedAvail Holdings Inc is a telehealth-enabled pharmacy technology company. It operates in two segments: Retail Pharmacy Services and Pharmacy Technology. It generates the majority of revenue from the Retail Pharmacy Services segment, which is into operating SpotRx, a full-service retail pharmacy utilizing MedAvail's automated pharmacy technology, primarily servicing Medicare patients in the United States. The Pharmacy Technology segment develops and commercializes the MedCenter for direct sale or lease to third-party customers.

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