Netcare (JSE:NTCP.PFD) Debt-to-Asset : 0.45 (As of Sep. 2024)

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What is Netcare Debt-to-Asset?

Netcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R2,334.00 Mil. Netcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was R10,315.00 Mil. Netcare's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was R28,391.00 Mil. Netcare's debt to asset for the quarter that ended in Sep. 2024 was 0.45.

Netcare Debt-to-Asset Historical Data

The historical data trend for Netcare's Debt-to-Asset 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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Netcare Debt-to-Asset Chart

Netcare Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Asset

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0.46

0.43

0.41

0.44

0.45

Netcare Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.41	0.42	0.44	0.45	0.45

Competitive Comparison of Netcare's Debt-to-Asset

For the Medical Care Facilities subindustry, Netcare's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Netcare's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Netcare's Debt-to-Asset falls into.

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Netcare Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Netcare's Debt-to-Asset for the fiscal year that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2334	+	10315)	/	28391
	=	0.45

Netcare's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2334	+	10315)	/	28391
	=	0.45

Netcare (JSE:NTCP.PFD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Netcare Debt-to-Asset Related Terms

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Netcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Netcare Ltd (JSE:NTCP.PFD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NTC:South Africa

Address

76 Maude Street, Corner West Street, Sandton 2196, Private Bag X34, Benmore, GT, ZAF, 2010

Website

https://www.netcare.co.za

Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.

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