Sonic Healthcare (ASX:SHL) Debt-to-Equity : 0.57 (As of Jun. 2024)

View and export this data going back to 1987. Start your Free Trial

What is Sonic Healthcare Debt-to-Equity?

Sonic Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$661 Mil. Sonic Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$3,854 Mil. Sonic Healthcare's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$7,918 Mil. Sonic Healthcare's debt to equity for the quarter that ended in Jun. 2024 was 0.57.

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

ASX:SHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.62 Max: 0.83
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Sonic Healthcare was 0.83. The lowest was 0.40. And the median was 0.62.

ASX:SHL's Debt-to-Equity is ranked worse than
68.23% of 192 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.275 vs ASX:SHL: 0.57

Sonic Healthcare Debt-to-Equity Historical Data

The historical data trend for Sonic Healthcare'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.

Sonic Healthcare Debt-to-Equity Chart

Sonic Healthcare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

Get a 7-Day Free Trial

0.83

0.51

0.41

0.40

0.57

Sonic Healthcare Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.41	0.41	0.40	0.52	0.57

Competitive Comparison of Sonic Healthcare's Debt-to-Equity

For the Diagnostics & Research subindustry, Sonic Healthcare'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.

Sonic Healthcare's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Sonic Healthcare's Debt-to-Equity distribution charts can be found below:

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

Sonic Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sonic Healthcare'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
	=	(661.03	+	3854.338)	/	7917.623
	=	0.57

Sonic Healthcare'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
	=	(661.03	+	3854.338)	/	7917.623
	=	0.57

Sonic Healthcare (ASX:SHL) 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.

Sonic Healthcare Debt-to-Equity Related Terms

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

Sonic Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Sonic Healthcare Ltd (ASX:SHL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SKHHY:USA SKHCF:USA SAB:Germany

Address

225 George Street, Level 22, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.sonichealthcare.com

Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the UK, the second-largest in Belgium and New Zealand, and the third largest in the US. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second-largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 40% of group revenue in Australia and New Zealand, 25% in the US, and 35% in Europe.

Sonic Healthcare Headlines

No Headlines