Radius Residential Care (NZSE:RAD) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Radius Residential Care 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. Radius Residential Care's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

Radius Residential Care's long-term debt to total assets ratio increased from Mar. 2023 (0.34) to Mar. 2024 (0.36). It may suggest that Radius Residential Care is progressively becoming more dependent on debt to grow their business.

Radius Residential Care LT-Debt-to-Total-Asset Historical Data

The historical data trend for Radius Residential Care'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.

* Premium members only.

Radius Residential Care LT-Debt-to-Total-Asset Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.77

0.60

0.34

0.36

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.60	0.51	0.34	0.52	0.36

Radius Residential Care LT-Debt-to-Total-Asset Calculation

Radius Residential Care'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 )
	=	121.086	/	334.713
	=	0.36

Radius Residential Care'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 )
	=	121.086	/	334.713
	=	0.36

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Radius Residential Care's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

Radius Residential Care (NZSE:RAD) Headlines

No Headlines