Summerset Group Holdings (ASX:SNZ) Debt-to-Equity : 0.54 (As of Dec. 2023)

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What is Summerset Group Holdings Debt-to-Equity?

Summerset Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Summerset Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,308.7 Mil. Summerset Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,422.2 Mil. Summerset Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

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

ASX:SNZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.51 Max: 2.16
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Summerset Group Holdings was 2.16. The lowest was 0.40. And the median was 0.51.

ASX:SNZ's Debt-to-Equity is ranked worse than
54.01% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs ASX:SNZ: 0.54

Summerset Group Holdings Debt-to-Equity Historical Data

The historical data trend for Summerset 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.

Summerset Group Holdings Debt-to-Equity Chart

Summerset Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.54

0.52

0.40

0.49

0.54

Summerset Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.40	1.41	0.49	1.56	0.54

Competitive Comparison of Summerset Group Holdings's Debt-to-Equity

For the Medical Care Facilities subindustry, Summerset 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.

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

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

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

Summerset Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Summerset Group Holdings'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
	=	(0	+	1308.671)	/	2422.165
	=	0.54

Summerset 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	+	1308.671)	/	2422.165
	=	0.54

Summerset Group Holdings (ASX:SNZ) 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.

Summerset Group Holdings Debt-to-Equity Related Terms

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Summerset Group Holdings (ASX:SNZ) Business Description

Industry

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

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SUM:New Zealand

Address

100 Willis Street, Level 27, Majestic Centre, Wellington, NZL, 6011

Website

https://www.summerset.co.nz

Summerset Group Holdings Ltd operates retirement villages in New Zealand. The company receives a majority of its revenue from the New Zealand Ministry of Health, which subsidizes fees for eligible aged-care residents. Its revenue is primarily derived from care fees and village services income. Summerset provides a range of care for its residents, including in-home care and 24-hour medical-care centers. In addition to its independent-living villas and apartments, Summerset offers supported-living residences, which include assistance with daily activities like shopping and housekeeping.