Narayana Hrudayalaya (NSE:NH) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Narayana Hrudayalaya 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. Narayana Hrudayalaya's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Narayana Hrudayalaya's long-term debt to total assets ratio increased from Mar. 2023 (0.17) to Mar. 2024 (0.24). It may suggest that Narayana Hrudayalaya is progressively becoming more dependent on debt to grow their business.

Narayana Hrudayalaya LT-Debt-to-Total-Asset Historical Data

The historical data trend for Narayana Hrudayalaya'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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Narayana Hrudayalaya LT-Debt-to-Total-Asset Chart

Narayana Hrudayalaya Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.28

0.24

0.18

0.17

0.24

Narayana Hrudayalaya Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	-	0.19	-	0.24

Narayana Hrudayalaya LT-Debt-to-Total-Asset Calculation

Narayana Hrudayalaya's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	13446.45	/	56245.81
	=	0.24

Narayana Hrudayalaya's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	13446.45	/	56245.81
	=	0.24

Narayana Hrudayalaya (NSE:NH) 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.

Narayana Hrudayalaya LT-Debt-to-Total-Asset Related Terms

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Narayana Hrudayalaya (NSE:NH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Narayana Hrudayalaya Ltd (NSE:NH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

539551:India

Address

Hosur Road, Anekal Taluk, 261/A, 2nd Floor, Bommasandra Industrial Area, Bengaluru, KA, IND, 560099

Website

https://www.narayanahealth.org

Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. It operates a chain of multispecialty, tertiary healthcare facilities. The hospital offers medical services in the field of dermatology, haematology, neurology, orthopaedics, paediatrics, cancer care, cardiology, pulmonology, and others. It also provides surgery services such as Cardiac Surgery, Neurosurgery, Thoracic Surgery, Renal Transplant and others. Imaging and radiology services, Physiotherapy sessions, and blood banks service are some of the diagnostics and support provided by the hospital. It has business operations in India and the Rest of the world, of which maximum revenue is generated from the business operations in India.

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