Andlauer Healthcare Group (TSX:AND) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Andlauer Healthcare Group 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. Andlauer Healthcare Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Andlauer Healthcare Group's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.11). It may suggest that Andlauer Healthcare Group is progressively becoming less dependent on debt to grow their business.

Andlauer Healthcare Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Andlauer Healthcare Group'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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Andlauer Healthcare Group LT-Debt-to-Total-Asset Chart

Andlauer Healthcare Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.43

0.23

0.19

0.15

Andlauer Healthcare Group 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															0.19	0.18	0.15	0.15	0.11

Andlauer Healthcare Group LT-Debt-to-Total-Asset Calculation

Andlauer Healthcare Group'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 )
	=	100.203	/	682.426
	=	0.15

Andlauer Healthcare Group'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 )
	=	72.31	/	687.173
	=	0.11

Andlauer Healthcare Group (TSX:AND) 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.

Andlauer Healthcare Group LT-Debt-to-Total-Asset Related Terms

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Andlauer Healthcare Group (TSX:AND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Andlauer Healthcare Group Inc (TSX:AND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

3LT:Germany

Address

100 Vaughan Valley Boulevard, Vaughan, ON, CAN, L4H 3C5

Website

https://www.andlauerhealthcare.com

Andlauer Healthcare Group Inc is an investment holding company. It operates in two segments namely Specialized Transportation and Healthcare Logistics. The company generates maximum revenue from the Specialized Transportation segment. Its Specialized Transportation segment provides specialized temperature controlled services to healthcare customers. The company's transportation products include ground transportation, air freight forwarding, and dedicated and last mile delivery. The Healthcare Logistics segment provides contract logistics services for customers, including logistics and distribution, and packaging.

Andlauer Healthcare Group (TSX:AND) Headlines

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