Labiana Health (XMAD:LAB) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2022)

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What is Labiana Health 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. Labiana Health's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.30.

Labiana Health's long-term debt to total assets ratio declined from Dec. 2021 (0.37) to Dec. 2022 (0.30). It may suggest that Labiana Health is progressively becoming less dependent on debt to grow their business.

Labiana Health LT-Debt-to-Total-Asset Historical Data

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

Labiana Health Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.45

0.37

0.30

Labiana Health Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22
LT-Debt-to-Total-Asset	0.45	0.37	0.30	0.30

Labiana Health LT-Debt-to-Total-Asset Calculation

Labiana Health'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 )
	=	18.189	/	60.779
	=	0.30

Labiana Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	18.189	/	60.779
	=	0.30

Labiana Health (XMAD:LAB) 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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Labiana Health (XMAD:LAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Labiana Health SA (XMAD:LAB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Avenida Europa, 34 1st D, Pozuelo de Alarcon, Madrid, ESP, 28023

Website

https://www.labiana.com

Labiana Health SA is a manufacturer of pharmacological products for veterinary use. The company's activities include GMP manufacturer for EU animal and human health industries, manufacturer specialized in sterile and lyophilized dosage forms, source of development, acquisition, and licensing of molecules such as Fosfomycin Trometamol.