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CareDx's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.9 Mil. CareDx's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28.3 Mil. CareDx's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $261.3 Mil. CareDx's debt to equity for the quarter that ended in Dec. 2023 was 0.13.
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 CareDx's Debt-to-Equity or its related term are showing as below:
During the past 12 years, the highest Debt-to-Equity Ratio of CareDx was 1.23. The lowest was -5.56. And the median was 0.09.
The historical data trend for CareDx'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.
CareDx Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.05 | 0.07 | 0.05 | 0.09 | 0.13 |
CareDx Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.09 | 0.09 | 0.09 | 0.09 | 0.13 |
For the Diagnostics & Research subindustry, CareDx'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.
For the Medical Diagnostics & Research industry and Healthcare sector, CareDx's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where CareDx's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
CareDx's Debt to Equity Ratio for the fiscal year that ended in Dec. 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 | |
= | (5.943 | + | 28.278) | / | 261.328 | |
= | 0.13 |
CareDx's Debt to Equity Ratio for the quarter that ended in Dec. 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 | |
= | (5.943 | + | 28.278) | / | 261.328 | |
= | 0.13 |
* 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.
CareDx (NAS:CDNA) 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.
Thank you for viewing the detailed overview of CareDx's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Reginald Seeto | officer: See Remarks | C/O ARDELYX, INC., 34175 ARDENWOOD BLVD, SUITE 200, FREMONT CA 94555 |
Peter Maag | director, officer: President and CEO | CAREDX, INC., 3260 BAYSHORE BOULEVARD, BRISBANE CA 94005 |
Abraham Ronai | officer: See Remarks | C/O CAREDX, INC., 8000 MARINA BLVD, BRISBANE CA 94005 |
Grace Colon | director | C/O CAREDX, INC., 3260 BAYSHORE BOULEVARD, BRISBANE CA 94005 |
Abhishek Jain | officer: See Remarks | C/O CAREDX, INC., 1 TOWER PLACE, 9TH FLOOR, SOUTH SAN FRANCISCO CA 94080 |
Michael Goldberg | director | 3000 SAND HILL ROAD, BUILDING 3, SUITE 290, MENLO PARK CA 94025 |
George Bickerstaff | director | C/O VION PHARMACEUTICALS, INC., 4 SCIENCE PARK, NEW HAVEN CT 06511 |
Ankur Dhingra | officer: Chief Financial Officer | C/O CAREDX, INC., 1 TOWER PLACE, 9TH FLOOR, SOUTH SAN FRANCISCO CA 94080 |
Arthur A Torres | director | 87 BVENA VISTA TERRACE, SAN FRANCISCO CA 94117 |
Alexander L Johnson | officer: Chief Business Officer | C/O DIADEXUS, INC., 349 OYSTER POINT BOULEVARD, SOUTH SAN FRANCISCO CA 94080 |
Hannah Valantine | director | 1305 O'BRIEN DRIVE, MENLO PARK CA 94025 |
Sasha King | officer: Chief Commercial Officer | C/O CAREDX, INC., 3260 BAYSHORE BOULEVARD, BRISBANE CA 94005 |
William A Hagstrom | director | 320 WAKARA WAY, SALT LAKE CITY UT 84108 |
Ralph Snyderman | director | C/O SAIC, 10260 CAMPUS POINT DR M/S F3, SAN DIEGO CA 92121 |
Marcel Konrad | officer: See Remarks | C/O CAREDX, INC., 1 TOWER PLACE, 9TH FLOOR, SOUTH SAN FRANCISCO CA 94080 |
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