MediXall Group (MediXall Group) Debt-to-Equity : -0.77 (As of Dec. 2022)

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What is MediXall Group Debt-to-Equity?

MediXall Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $2.63 Mil. MediXall Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.19 Mil. MediXall Group's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $-3.67 Mil. MediXall Group's debt to equity for the quarter that ended in Dec. 2022 was -0.77.

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

MDXL's Debt-to-Equity is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

MediXall Group Debt-to-Equity Historical Data

The historical data trend for MediXall 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.

MediXall Group Debt-to-Equity Chart

MediXall Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.29

0.56

-0.93

-0.77

MediXall Group Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Equity	Get a 7-Day Free Trial															-0.93	-1.07	-0.92	-0.78	-0.77

Competitive Comparison of MediXall Group's Debt-to-Equity

For the Health Information Services subindustry, MediXall 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.

MediXall Group's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

MediXall Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MediXall Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.631	+	0.189)	/	-3.669
	=	-0.77

MediXall Group's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(2.631	+	0.189)	/	-3.669
	=	-0.77

MediXall Group (OTCPK:MDXL) 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.

MediXall Group Debt-to-Equity Related Terms

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MediXall Group (MediXall Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediXall Group Inc (OTCPK:MDXL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 East Commercial Boulevard, Suite Ph-D, Fort Lauderdale, FL, USA, 33308

Website

https://www.medixallgroup.com

MediXall Group Inc is an innovation-driven technology company designed to deliver health and well-being services which address gaps in access to care, spiraling healthcare costs, and the pain points faced by both consumers and businesses. It has developed a cloud-based electronic marketplace where clients can shop for medical services; diagnostic procedures and services; and medical equipment and devices. The company's platform connects physicians and service providers to patients, and payers to the physicians and service providers, across all healthcare settings. The company generates revenue from employer customers and consumer subscription fees.