Ramsay Health Care (ASX:RHCPA.PFD) Debt-to-Equity

: 2.29 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

Ramsay Health Care's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$512.70 Mil. Ramsay Health Care's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$10,570.70 Mil. Ramsay Health Care's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4,834.10 Mil. Ramsay Health Care's debt to equity for the quarter that ended in Dec. 2023 was 2.29.

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

ASX:RHCPA.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 2.2 Max: 4.3
Current: 2.29

During the past 13 years, the highest Debt-to-Equity Ratio of Ramsay Health Care was 4.30. The lowest was 0.80. And the median was 2.20.

ASX:RHCPA.PFD's Debt-to-Equity is ranked worse than
88.58% of 543 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs ASX:RHCPA.PFD: 2.29

Ramsay Health Care Debt-to-Equity Historical Data

The historical data trend for Ramsay Health Care'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.

Ramsay Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

2.20

2.54

2.62

2.72

2.86

Ramsay Health Care Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity																2.24	2.72	2.81	2.86	2.29

Competitive Comparison

For the Medical Care Facilities subindustry, Ramsay Health Care'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.

Ramsay Health Care Debt-to-Equity Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Ramsay Health Care's Debt-to-Equity distribution charts can be found below:

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

Ramsay Health Care Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ramsay Health Care's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(486.8	+	11399.5)	/	4154.8
	=	2.86

Ramsay Health Care'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
	=	(512.7	+	10570.7)	/	4834.1
	=	2.29

Ramsay Health Care (ASX:RHCPA.PFD) 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.

Ramsay Health Care Debt-to-Equity Related Terms

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

Ramsay Health Care (ASX:RHCPA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (ASX:RHCPA.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RMYHY:USA RMSYF:USA RMY:Germany RHC:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.

Ramsay Health Care (ASX:RHCPA.PFD) Headlines

No Headlines