Modern Dental Group (HKSE:03600) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Modern Dental Group Debt-to-Equity?

Modern Dental Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$110 Mil. Modern Dental Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$742 Mil. Modern Dental Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,632 Mil. Modern Dental Group's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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

HKSE:03600' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.36 Max: 0.66
Current: 0.32

During the past 10 years, the highest Debt-to-Equity Ratio of Modern Dental Group was 0.66. The lowest was 0.32. And the median was 0.36.

HKSE:03600's Debt-to-Equity is ranked worse than
58.57% of 700 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs HKSE:03600: 0.32

Modern Dental Group Debt-to-Equity Historical Data

The historical data trend for Modern Dental 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.

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Modern Dental Group Debt-to-Equity Chart

Modern Dental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.46

0.36

0.34

0.32

Modern Dental Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														0.36	0.33	0.34	0.33	0.32

Competitive Comparison of Modern Dental Group's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Modern Dental 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.

Modern Dental Group's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Modern Dental Group's Debt-to-Equity distribution charts can be found below:

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

Modern Dental Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Modern Dental Group'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
	=	(110.163	+	742.037)	/	2632.279
	=	0.32

Modern Dental Group'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
	=	(110.163	+	742.037)	/	2632.279
	=	0.32

Modern Dental Group (HKSE:03600) 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.

Modern Dental Group Debt-to-Equity Related Terms

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

Modern Dental Group (HKSE:03600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Modern Dental Group Ltd (HKSE:03600) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1MD:Germany

Address

77 Wing Hong Street, Room 01-07, 09-16, 17th Floor, CEO Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.moderndentalgp.com

Modern Dental Group Ltd, along with its subsidiaries, is engaged in providing dental prosthetic devices. Its product portfolio is categorized into three segments, Fixed prosthetic devices such as crowns and bridges; Removable prosthetic devices such as removable dentures; and Other devices such as orthodontic devices, sports guards, and anti-snoring devices, raw materials, dental equipment, and services of educational events and seminars rendered. It generates a majority of the revenue from the sale of the Fixed prosthetic devices segment. Its geographical segments are Europe, North America, Australia, Greater China, and other countries.

Executives

Chan Kwun Fung
Chan Kwun Pan
Ngai Shing Kin
Ngai Chi Ho Alwin
Triera Holdings Limited	2101 Beneficial owner
Ncha Holdings Limited	2101 Beneficial owner

Modern Dental Group (HKSE:03600) Headlines

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