Jack Nathan Medical (TSXV:JNH) LT-Debt-to-Total-Asset : 0.78 (As of Oct. 2023)

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What is Jack Nathan Medical 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. Jack Nathan Medical's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.78.

Jack Nathan Medical's long-term debt to total assets ratio increased from Oct. 2022 (0.40) to Oct. 2023 (0.78). It may suggest that Jack Nathan Medical is progressively becoming more dependent on debt to grow their business.

Jack Nathan Medical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jack Nathan Medical'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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Jack Nathan Medical LT-Debt-to-Total-Asset Chart

Jack Nathan Medical Annual Data

Trend

Dec18

Dec19

Jan20

Jan21

Jan22

Jan23

LT-Debt-to-Total-Asset

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0.19

0.04

0.08

0.32

Jack Nathan Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.32	0.42	0.74	0.78

Jack Nathan Medical LT-Debt-to-Total-Asset Calculation

Jack Nathan Medical's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	2.103	/	6.5
	=	0.32

Jack Nathan Medical's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	9.323	/	11.906
	=	0.78

Jack Nathan Medical (TSXV:JNH) 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.

Jack Nathan Medical LT-Debt-to-Total-Asset Related Terms

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Jack Nathan Medical (TSXV:JNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jack Nathan Medical Corp (TSXV:JNH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

JNHMF:USA

Address

6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6

Website

https://www.jacknathanhealth.com

Jack Nathan Medical Corp is a healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services, conveniently inside Walmart stores. The company generates the majority of its revenues from license fees, which are charged in exchange for the right to use its brand name and the licensed premises. Its geographical segments are Canada, which accounts for the vast majority of revenue; Mexico; and China.

Executives

George Barakat

10% Security Holder, Director

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