WELL Health Technologies (TSX:WELL) Debt-to-Equity

: 0.56 (As of Dec. 2023)

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WELL Health Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$61.0 Mil. WELL Health Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$365.3 Mil. WELL Health Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$767.7 Mil. WELL Health Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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

TSX:WELL' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.06 Med: 0.49 Max: 0.65
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of WELL Health Technologies was 0.65. The lowest was -1.06. And the median was 0.49.

TSX:WELL's Debt-to-Equity is ranked worse than
55.58% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs TSX:WELL: 0.56

WELL Health Technologies Debt-to-Equity Historical Data

The historical data trend for WELL Health Technologies'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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WELL Health Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.60

0.11

0.65

0.49

0.56

WELL Health Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.49	0.48	0.55	0.56

Competitive Comparison

For the Medical Care Facilities subindustry, WELL Health Technologies'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.

WELL Health Technologies Debt-to-Equity Distribution

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

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

WELL Health Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WELL Health Technologies'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
	=	(60.977	+	365.306)	/	767.666
	=	0.56

WELL Health Technologies'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
	=	(60.977	+	365.306)	/	767.666
	=	0.56

WELL Health Technologies (TSX:WELL) 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.

WELL Health Technologies Debt-to-Equity Related Terms

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WELL Health Technologies (TSX:WELL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » WELL Health Technologies Corp (TSX:WELL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WHTCF:USA W7V:Germany

Address

375 Water Street, Suite 550, Vancouver, BC, CAN, V6B 5C6

Website

https://www.well.company

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped into three divisions; Omni-channel Patient Services - Primary includes clinical operations and allied health. Omni-channel Patient Services - Specialized comprises CRH and MyHealth under two segments. Virtual Services include EMR, billing and revenue cycle management solutions, digital apps, and cybersecurity.