PACS Group (PACS Group) Debt-to-Asset : 0.78 (As of Mar. 2024)

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What is PACS Group Debt-to-Asset?

PACS Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $130.5 Mil. PACS Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,891.7 Mil. PACS Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $3,866.3 Mil. PACS Group's debt to asset for the quarter that ended in Mar. 2024 was 0.78.

PACS Group Debt-to-Asset Historical Data

The historical data trend for PACS Group's Debt-to-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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PACS Group Debt-to-Asset Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.78

0.80

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Debt-to-Asset	-	0.78	-	0.80	0.78

Competitive Comparison of PACS Group's Debt-to-Asset

For the Medical Care Facilities subindustry, PACS Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PACS Group's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PACS Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where PACS Group's Debt-to-Asset falls into.

PACS Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PACS Group's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(127.202	+	2677.705)	/	3512.739
	=	0.80

PACS Group's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(130.454	+	2891.72)	/	3866.328
	=	0.78

PACS Group (NYSE:PACS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

PACS Group Debt-to-Asset Related Terms

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PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

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