Omni Health (Omni Health) LT-Debt-to-Total-Asset : 0.01 (As of Jan. 2017)

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What is Omni 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. Omni Health's long-term debt to total assests ratio for the quarter that ended in Jan. 2017 was 0.01.

Omni Health's long-term debt to total assets ratio increased from Jan. 2016 (0.00) to Jan. 2017 (0.01). It may suggest that Omni Health is progressively becoming more dependent on debt to grow their business.

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

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

Omni Health Annual Data

Trend

Apr14

Apr15

Apr16

LT-Debt-to-Total-Asset

Omni Health Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	0.01	-	0.01

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

Omni Health's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2016 is calculated as

LT Debt to Total Assets (A: Apr. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2016 )	/	Total Assets (A: Apr. 2016 )
	=	0	/	0.058
	=	0.00

Omni Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2017 is calculated as

LT Debt to Total Assets (Q: Jan. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2017 )	/	Total Assets (Q: Jan. 2017 )
	=	0.024	/	5.015
	=	0.00

Omni Health (OTCPK:OMHE) 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.

Omni Health LT-Debt-to-Total-Asset Related Terms

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Omni Health (Omni Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Omni Health Inc (OTCPK:OMHE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5966 West 16th Avenue, Miami Beach, FL, USA, 33012

Website

https://www.omnihealth.md

Omni Health Inc operates a pharmacy in Miami Beach, Florida. The company operates through its subsidiary as a vertically integrated company focused on healthcare and operating in the lucrative pharmaceutical, medical and wellness industries.

Omni Health (Omni Health) Headlines

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