Wearable Health Solutions (Wearable Health Solutions) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is Wearable Health Solutions 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. Wearable Health Solutions's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Wearable Health Solutions's long-term debt to total assets ratio declined from Dec. 2022 (0.62) to Dec. 2023 (0.12). It may suggest that Wearable Health Solutions is progressively becoming less dependent on debt to grow their business.

Wearable Health Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wearable Health Solutions'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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Wearable Health Solutions LT-Debt-to-Total-Asset Chart

Wearable Health Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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3.35

0.62

0.08

Wearable Health Solutions 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															0.62	0.17	0.08	0.12	0.12

Wearable Health Solutions LT-Debt-to-Total-Asset Calculation

Wearable Health Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.018	/	0.223
	=	0.08

Wearable Health Solutions'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 )
	=	0.011	/	0.09
	=	0.12

Wearable Health Solutions (OTCPK:WHSI) 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.

Wearable Health Solutions LT-Debt-to-Total-Asset Related Terms

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Wearable Health Solutions (Wearable Health Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Wearable Health Solutions Inc (OTCPK:WHSI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2901 Pacific Coast Highway, Suite 200, Newport Beach, CA, USA, 92663

Website

https://www.wearablehealthsolutions.com

Wearable Health Solutions Inc is engaged in manufacturing medical alarm devices which are used to summon help in the event of an emergency. The company provides mobile health (mHealth) products and services to be used by customers in case of an emergency. As a provider of personal emergency devices, it provides wearable healthcare products, tracking services, and turn-key solutions that enable its users to be proactive with their health, as well as safe and protected.

Executives

Sandor Capital Master Fund, L.p.

10 percent owner

2828 ROUTH STREET, SUITE 500, DALLAS TX 75201