WellCare Health Plans (WellCare Health Plans) Debt-to-Equity : 0.42 (As of Sep. 2019)

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What is WellCare Health Plans Debt-to-Equity?

WellCare Health Plans's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0 Mil. WellCare Health Plans's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $2,029 Mil. WellCare Health Plans's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $4,856 Mil. WellCare Health Plans's debt to equity for the quarter that ended in Sep. 2019 was 0.42.

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 WellCare Health Plans's Debt-to-Equity or its related term are showing as below:

WCG's Debt-to-Equity is not ranked ^*
in the Healthcare Plans industry.
Industry Median: 0.39
* Ranked among companies with meaningful Debt-to-Equity only.

WellCare Health Plans Debt-to-Equity Historical Data

The historical data trend for WellCare Health Plans'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.

WellCare Health Plans Debt-to-Equity Chart

WellCare Health Plans Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.56

0.69

0.50

0.49

0.50

WellCare Health Plans Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.50	0.48	0.45	0.42

Competitive Comparison of WellCare Health Plans's Debt-to-Equity

For the Healthcare Plans subindustry, WellCare Health Plans'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.

WellCare Health Plans's Debt-to-Equity Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, WellCare Health Plans's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where WellCare Health Plans's Debt-to-Equity falls into.

WellCare Health Plans Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WellCare Health Plans's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(0	+	2126.4)	/	4240
	=	0.50

WellCare Health Plans's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(0	+	2029.1)	/	4856.4
	=	0.42

WellCare Health Plans (NYSE:WCG) 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.

WellCare Health Plans Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of WellCare Health Plans's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

WellCare Health Plans (WellCare Health Plans) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » WellCare Health Plans Inc (NYSE:WCG) » Definitions » Debt-to-Equity

Comparable Companies

BSP:GNDI3 MOH BSP:QUAL3 SZSE:000503 BSP:ODPV3 MGLN HIIQ GTS ROCO:6665 MIL:HI OSTO:FEEL PFHO TSXV:NXG CNC HUM ANTM CI CVS UNH

Traded in Other Exchanges

N/A

Address

8735 Henderson Road, Renaissance One, Tampa, FL, USA, 33634

Website

http://www.wellcare.com

WellCare Health Plans Inc is a managed care organization focused on government-sponsored managed care services, including Medicare and Medicaid. WellCare's membership is concentrated in Florida, Georgia, Kentucky, New York, and Illinois. Its key segments are Medicaid health plans, Medicare health plans, and Medicare prescription drug plans. Medicaid health plans represent the largest proportion of both total membership and premium revenue. The Medicaid segment generates revenue from the premiums received from the states in which health plans are offered, based on a fixed per-member per-month amount. WellCare also provides Medicare Part C and Part D benefits through its Medicare Advantage plans.

Executives

William L Trubeck	director	ONE H&R BLOCK WAY, KANSAS CITY MO 64105
H James Dallas	director	127 PUBLIC SQUARE, CLEVELAND OH 44114
Kenneth A Burdick	director, officer: Chief Executive Officer	6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817
Anat Hakim	officer: EVP, General Counsel/Secretary	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Paul E Weaver	director	C/O GATEWAY, INC., 7565 IRVINE CENTER DRIVE, IRVINE CA 92618
Steele Glenn Jr Md Phd	director	250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232
Carol Burt	director	C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, TAMPA FL 33634
Roel C Campos	director	509 WEST BUTLER ROAD, GREENVILLE SC 29607
Maurice Hebert	officer: Chief Accounting Officer	C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634
David J Gallitano	director	3552 CHURCH ROAD, ELLICOTT CITY MD 21043
Thomas L Tran	officer: Chief Financial Officer	8735 HENDERSON ROAD, TAMPA FL 33625
Lisa G Iglesias	officer: SVP, General Counsel	1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Lucinda M. Baily	officer: Chief Compliance Officer	10910 DOMAIN DRIVE, SUITE 300, AUSTIN TX 78758
Walter W. Cooper	officer: Chief Administrative Officer	8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634
Charles Berg	other: Former Director	48 MONROE TURNPIKE, TRUMBULL CT 06611