Akso Health Group (Akso Health Group) Debt-to-Equity : 0.07 (As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Akso Health Group Debt-to-Equity?

Akso Health Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.35 Mil. Akso Health Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Akso Health Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $5.22 Mil. Akso Health Group's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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

AHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.43 Max: 0.74
Current: 0.07

During the past 9 years, the highest Debt-to-Equity Ratio of Akso Health Group was 0.74. The lowest was 0.07. And the median was 0.43.

AHG's Debt-to-Equity is ranked better than
77.11% of 83 companies
in the Medical Distribution industry
Industry Median: 0.29 vs AHG: 0.07

Akso Health Group Debt-to-Equity Historical Data

The historical data trend for Akso Health Group'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.

Akso Health Group Debt-to-Equity Chart

Akso Health Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.16

0.43

0.58

Akso Health Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial												0.51	-	-	-	0.07

Competitive Comparison of Akso Health Group's Debt-to-Equity

For the Medical Distribution subindustry, Akso Health Group'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.

Akso Health Group's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Akso Health Group's Debt-to-Equity distribution charts can be found below:

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

Akso Health Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akso Health Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0	+	0)	/	8.725
	=	0.00

Akso Health Group'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
	=	(0.35	+	0)	/	5.223
	=	0.07

Akso Health Group (NAS:AHG) 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.

Akso Health Group Debt-to-Equity Related Terms

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

Akso Health Group (Akso Health Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Akso Health Group (NAS:AHG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8HX1:Germany

Address

No. 44, Moscow Road, Qianwan Bonded Port Area, Room 8201-4-4(A), 2nd Floor, Qiantongyuan Building, Qingdao Pilot Free Trade Zone, Shandong, CHN

Website

http://www.xiaobaimaimai.com

Akso Health Group formerly Xiaobai Maimai Inc is a social e-commerce platform based in China. The company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. It operates in two segments namely online marketplace and health devices. It generates the majority of revenue from the health devices segment.