American Shared Hospital Services (American Shared Hospital Services) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is American Shared Hospital Services 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. American Shared Hospital Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

American Shared Hospital Services's long-term debt to total assets ratio declined from Dec. 2022 (0.28) to Dec. 2023 (0.23). It may suggest that American Shared Hospital Services is progressively becoming less dependent on debt to grow their business.

American Shared Hospital Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Shared Hospital Services'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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American Shared Hospital Services LT-Debt-to-Total-Asset Chart

American Shared Hospital Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.16

0.32

0.28

0.23

American Shared Hospital Services 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															0.28	0.27	0.25	0.22	0.23

American Shared Hospital Services LT-Debt-to-Total-Asset Calculation

American Shared Hospital Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11.041	/	48.162
	=	0.23

American Shared Hospital Services'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 )
	=	11.041	/	48.162
	=	0.23

American Shared Hospital Services (AMEX:AMS) 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.

American Shared Hospital Services LT-Debt-to-Total-Asset Related Terms

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American Shared Hospital Services (American Shared Hospital Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » American Shared Hospital Services (AMEX:AMS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Montgomery, Suite 1112, San Francisco, CA, USA, 94111-2619

Website

https://www.ashs.com

American Shared Hospital Services provides stereotactic radiosurgery equipment and Advanced radiation therapy and related equipment. It currently provides Gamma Knife units to medical centers and stand-alone facilities. The company, along with its subsidiaries, operates through the following operations: Gamma Knife, Advanced Radiation Therapy Equipment and Services, and Proton Beam Radiation Therapy Operations. It generates most of its revenue from the domestic market.

Executives

Robert L Hiatt	officer: Chief Financial Officer	C/O BARACK FERRAZZANO, 333 W WACKER #2700, CHICAGO IL 60606
Peter M Gaccione	officer: Chief Operating Officer	601 MONTGOMERY STREET, SUITE 1112, SAN FRANCISCO CA 94111
Vicki L Wilson	director	TWO EMBARCADERO CENTER, STE 410, SAN FRANCISCO CA 94111
Kathleen Miles	director	TWO EMBARCADERO CENTER, STE 410, SAN FRANCISCO CA 94111
Ernest Robert Bates	officer: Vice President	350 MARGARITA DRIVE, SAN RAFAEL CA 94901
Sandra Aj Lawrence	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Saim Mert Ozyurek	director	2 EMBARCADERO CENTER, SUITE 410, SAN FRANCISCO CA 94111
David Larson	director	80 CERRITOS AVE, SAN FRANCISCO CA 94127
Kelly Daniel G Jr	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Raymond C Stachowiak	director, 10 percent owner, officer: Interim President & CEO	C/O ASHS, 2 EMBARCADERO CENTER-SUITE 410, SAN FRANCISCO CA 94111
Trotman Stanley S Jr	director
Craig Kenji Tagawa	officer: COO/CFO	5323 SPRINGRIDGE COURT, FAIRFIELD CA 94534
Ernest A Bates	director, 10 percent owner, officer: CHAIRMAN AND CEO	FOUR EMBARCADERO CENTER 3620, SAN FRANCISO CA 94111-4155
American Shared Hospital Services	director, 10 percent owner, officer: CHAIRMAN AND CEO	601 MONTGOMERY STREET, SUITE 1112, SAN FRANCISCO CA 94111
John F Ruffle	director	77 PLEASANTVILLE ROAD, NEW VERNON NJ 07976