Careteq (ASX:CTQ) Debt-to-Equity : 0.10 (As of Jun. 2024)

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What is Careteq Debt-to-Equity?

Careteq's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.07 Mil. Careteq's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.13 Mil. Careteq's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$1.97 Mil. Careteq's debt to equity for the quarter that ended in Jun. 2024 was 0.10.

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

ASX:CTQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.45
Current: 0.1

During the past 4 years, the highest Debt-to-Equity Ratio of Careteq was 0.45. The lowest was 0.01. And the median was 0.10.

ASX:CTQ's Debt-to-Equity is ranked better than
80.04% of 551 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs ASX:CTQ: 0.10

Careteq Debt-to-Equity Historical Data

The historical data trend for Careteq'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.

Careteq Debt-to-Equity Chart

Careteq Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

0.01

0.45

0.10

Careteq Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	-	-	0.45	0.26	0.10

Competitive Comparison of Careteq's Debt-to-Equity

For the Health Information Services subindustry, Careteq'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.

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

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

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

Careteq Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Careteq's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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
	=	(0.066	+	0.127)	/	1.97
	=	0.10

Careteq's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.066	+	0.127)	/	1.97
	=	0.10

Careteq (ASX:CTQ) 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.

Careteq Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Careteq's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Careteq Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Careteq Ltd (ASX:CTQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

525 Flinders Street, Level 8, Melbourne, VIC, AUS, 3000

Website

https://www.careteq.com.au

Careteq Ltd is focused on delivering technology solutions for Health and Aged Care. Its solution eazense employs radar technology that provides continuous non-invasive monitoring, allowing care resources to be managed efficiently. The company's other solutions include Sofihub and Wardmm. Its operating segments are Careteq Ltd, Careteq International Inc (USA) and Embedded Health Solutions.

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