Ping An Healthcare And Technology Co (HKSE:01833) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Ping An Healthcare And Technology Co Debt-to-Equity?

Ping An Healthcare And Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$48 Mil. Ping An Healthcare And Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$55 Mil. Ping An Healthcare And Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$14,529 Mil. Ping An Healthcare And Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Ping An Healthcare And Technology Co's Debt-to-Equity or its related term are showing as below:

HKSE:01833' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.27 Med: 0.01 Max: 0.23
Current: 0.01

During the past 9 years, the highest Debt-to-Equity Ratio of Ping An Healthcare And Technology Co was 0.23. The lowest was -0.27. And the median was 0.01.

HKSE:01833's Debt-to-Equity is ranked better than
99.82% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs HKSE:01833: 0.01

Ping An Healthcare And Technology Co Debt-to-Equity Historical Data

The historical data trend for Ping An Healthcare And Technology Co'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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Ping An Healthcare And Technology Co Debt-to-Equity Chart

Ping An Healthcare And Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Ping An Healthcare And Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.01	0.02	0.01	0.01	0.01

Competitive Comparison of Ping An Healthcare And Technology Co's Debt-to-Equity

For the Health Information Services subindustry, Ping An Healthcare And Technology Co'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.

Ping An Healthcare And Technology Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ping An Healthcare And Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ping An Healthcare And Technology Co's Debt-to-Equity falls into.

Ping An Healthcare And Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ping An Healthcare And Technology Co'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
	=	(47.712	+	54.677)	/	14529.354
	=	0.01

Ping An Healthcare And Technology Co'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
	=	(47.712	+	54.677)	/	14529.354
	=	0.01

Ping An Healthcare And Technology Co (HKSE:01833) 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.

Ping An Healthcare And Technology Co Debt-to-Equity Related Terms

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Ping An Healthcare And Technology Co (HKSE:01833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ping An Healthcare And Technology Co Ltd (HKSE:01833) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PANHF:USA 1XZ:Germany

Address

No. 166, Kaibin Road, Shanghai Ping An Building, 17th-19th Floor, Block B, Shanghai, CHN

Website

https://www.pagd.net

Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 978 corporate clients and 43 million paying users. PAGD is 38.43% owned by its parent company.

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