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China Reform Health Management And Services Group Co (SZSE:000503) Debt-to-Equity : 0.31 (As of Sep. 2023)


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What is China Reform Health Management And Services Group Co Debt-to-Equity?

China Reform Health Management And Services Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥183.7 Mil. China Reform Health Management And Services Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥2.2 Mil. China Reform Health Management And Services Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥605.5 Mil. China Reform Health Management And Services Group Co's debt to equity for the quarter that ended in Sep. 2023 was 0.31.

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 China Reform Health Management And Services Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:000503' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.05   Max: 0.31
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of China Reform Health Management And Services Group Co was 0.31. The lowest was 0.00. And the median was 0.05.

SZSE:000503's Debt-to-Equity is ranked better than
57.89% of 19 companies
in the Healthcare Plans industry
Industry Median: 0.39 vs SZSE:000503: 0.31

China Reform Health Management And Services Group Co Debt-to-Equity Historical Data

The historical data trend for China Reform Health Management And Services Group 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.

* Premium members only.

China Reform Health Management And Services Group Co Debt-to-Equity Chart

China Reform Health Management And Services Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.07 0.06 0.08

China Reform Health Management And Services Group Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.08 0.15 0.22 0.31

Competitive Comparison of China Reform Health Management And Services Group Co's Debt-to-Equity

For the Healthcare Plans subindustry, China Reform Health Management And Services Group 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.


China Reform Health Management And Services Group Co's Debt-to-Equity Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, China Reform Health Management And Services Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Reform Health Management And Services Group Co's Debt-to-Equity falls into.



China Reform Health Management And Services Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Reform Health Management And Services Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

China Reform Health Management And Services Group Co's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


China Reform Health Management And Services Group Co  (SZSE:000503) 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.


China Reform Health Management And Services Group Co Debt-to-Equity Related Terms

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China Reform Health Management And Services Group Co (SZSE:000503) Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Wenhua Road, Room 703, Junhua Haiyi Hotel, Hainan Province, Haikou, CHN, 570105
China Reform Health Management And Services Group Co Ltd is engaged in the field of health protection services in China. Its main business includes medical insurance control fee service; medical quality and safety service; drug and medical supervision service helping management departments to standardize medical service behavior and improve the safety and effectiveness of medical insurance funds.

China Reform Health Management And Services Group Co (SZSE:000503) Headlines

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