Prenetics Global (Prenetics Global) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Prenetics Global Debt-to-Equity?

Prenetics Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.2 Mil. Prenetics Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.1 Mil. Prenetics Global's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $224.4 Mil. Prenetics Global's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Prenetics Global's Debt-to-Equity or its related term are showing as below:

PRE' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.04 Med: 0.03 Max: 0.07
Current: 0.02

During the past 4 years, the highest Debt-to-Equity Ratio of Prenetics Global was 0.07. The lowest was -0.04. And the median was 0.03.

PRE's Debt-to-Equity is ranked better than
94.92% of 197 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.22 vs PRE: 0.02

Prenetics Global Debt-to-Equity Historical Data

The historical data trend for Prenetics Global's Debt-to-Equity 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.

* Premium members only.

Prenetics Global Debt-to-Equity Chart

Prenetics Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.05

-0.01

0.03

Prenetics Global Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.07	0.03	0.03	0.03	0.02

Competitive Comparison of Prenetics Global's Debt-to-Equity

For the Diagnostics & Research subindustry, Prenetics Global's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Prenetics Global's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Prenetics Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Prenetics Global's Debt-to-Equity falls into.

Prenetics Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prenetics Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.883	+	3.763)	/	237.064
	=	0.03

Prenetics Global's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.195	+	3.063)	/	224.435
	=	0.02

Prenetics Global (NAS:PRE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Prenetics Global Debt-to-Equity Related Terms

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Prenetics Global (Prenetics Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Prenetics Global Ltd (NAS:PRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 701-706, K11 Atelier King’s Road, 728 King’s Road, Quarry Bay, Hong Kong, HKG

Website

https://www.prenetics.com

Prenetics Global Ltd is a diagnostic and genetic testing company. It is a genomics and precision oncology company that has devised a method to integrate early detection for cancer, targeted therapy and direct-to-consumer genetic testing services into one comprehensive platform. It operates in two segments. The prevention segment includes the design & sale of genetics testing (including update services) & stool-based DNA tests for early colorectal cancer screening. The diagnostic segment includes the sale of COVID-19 testing services & products and precision oncology services. The majority of revenue is from the diagnostics segment. Geographically, it operates in Hong Kong and the United Kingdom, out of which the majority is from Hong Kong.