PACS Group (PACS Group) LT-Debt-to-Total-Asset : 0.75 (As of Mar. 2024)

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What is PACS 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. PACS Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.75.

PACS Group's long-term debt to total assets ratio increased from Dec. 2021 (0.00) to Mar. 2024 (0.75). It may suggest that PACS Group is progressively becoming more dependent on debt to grow their business.

PACS Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for PACS 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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PACS Group LT-Debt-to-Total-Asset Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.71

0.76

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
LT-Debt-to-Total-Asset	-	0.71	-	0.76	0.75

PACS Group LT-Debt-to-Total-Asset Calculation

PACS 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 )
	=	2677.705	/	3512.739
	=	0.76

PACS 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 )
	=	2891.72	/	3866.328
	=	0.75

PACS Group (NYSE:PACS) 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.

PACS Group LT-Debt-to-Total-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 » LT-Debt-to-Total-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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