Cleopatra Hospital Co (CAI:CLHO) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Cleopatra Hospital Co 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. Cleopatra Hospital Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Cleopatra Hospital Co's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.11). It may suggest that Cleopatra Hospital Co is progressively becoming more dependent on debt to grow their business.

Cleopatra Hospital Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cleopatra Hospital Co'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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Cleopatra Hospital Co LT-Debt-to-Total-Asset Chart

Cleopatra Hospital Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.08

0.11

Cleopatra Hospital Co 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															0.08	0.09	0.09	0.09	0.11

Cleopatra Hospital Co LT-Debt-to-Total-Asset Calculation

Cleopatra Hospital Co'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 )
	=	508.892	/	4488.027
	=	0.11

Cleopatra Hospital Co'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 )
	=	508.892	/	4488.027
	=	0.11

Cleopatra Hospital Co (CAI:CLHO) 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.

Cleopatra Hospital Co LT-Debt-to-Total-Asset Related Terms

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Cleopatra Hospital Co (CAI:CLHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cleopatra Hospital Co (CAI:CLHO) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

39 Cleopatra street, Opposite Maidan Salahuddin Square Almazah, Heliopolis, Cairo, EGY

Website

http://www.cleopatrahospitals.com

Cleopatra Hospital Co is a private hospital in Egypt. The company provides health and medical services, as well as the medical care of inpatients. Its operating segment based on hospitals includes Cleopatra Hospital Company, Cairo Specialised Hospital, Nile Badrawi Hospital, Al Shorouk Hospital, CHG for Medical Services, CHG Pharma for pharmacies management, CHG for Hospitals, Queens Hospitals and Al Kateb Hospitals. It generates maximum revenue from the Cleopatra Hospital Company segment. The company derives revenue from Accommodation and medical supervision, Surgeries, Outpatient clinics, Laboratories, Cardiac catheterization, Service charge, Radiology, Emergency, Oncology center, Pharmacy, Dentistry, Physiotherapy, Endoscopy, Cardiac tests, and Other services.

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