Freedom Care Group Holdings (ASX:FCG) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Freedom Care Group Holdings Debt-to-Equity?

Freedom Care Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.12 Mil. Freedom Care Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.42 Mil. Freedom Care Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.79 Mil. Freedom Care Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

ASX:FCG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.22 Max: 0.31
Current: 0.11

During the past 2 years, the highest Debt-to-Equity Ratio of Freedom Care Group Holdings was 0.31. The lowest was 0.11. And the median was 0.22.

ASX:FCG's Debt-to-Equity is ranked better than
77.64% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs ASX:FCG: 0.11

Freedom Care Group Holdings Debt-to-Equity Historical Data

The historical data trend for Freedom Care Group Holdings'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.

Freedom Care Group Holdings Debt-to-Equity Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Debt-to-Equity

0.28

0.31

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Debt-to-Equity	0.28	0.31	0.17	0.11

Competitive Comparison of Freedom Care Group Holdings's Debt-to-Equity

For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.

Freedom Care Group Holdings's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Freedom Care Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freedom Care Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.094	+	0.038)	/	0.433
	=	0.30

Freedom Care Group Holdings'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
	=	(0.116	+	0.424)	/	4.789
	=	0.11

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings Debt-to-Equity Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.