Dolphin Medical Services (BOM:526504) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Dolphin Medical Services Debt-to-Equity?

Dolphin Medical Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Dolphin Medical Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹8.03 Mil. Dolphin Medical Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹100.73 Mil. Dolphin Medical Services's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Dolphin Medical Services's Debt-to-Equity or its related term are showing as below:

BOM:526504' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.57 Max: 0.67
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Dolphin Medical Services was 0.67. The lowest was 0.06. And the median was 0.57.

BOM:526504's Debt-to-Equity is ranked better than
75.77% of 194 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.23 vs BOM:526504: 0.08

Dolphin Medical Services Debt-to-Equity Historical Data

The historical data trend for Dolphin Medical Services'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.

Dolphin Medical Services Debt-to-Equity Chart

Dolphin Medical Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.59

0.06

0.07

0.08

Dolphin Medical Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	N/A	0.08	N/A	0.08

Competitive Comparison of Dolphin Medical Services's Debt-to-Equity

For the Diagnostics & Research subindustry, Dolphin Medical Services'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.

Dolphin Medical Services's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

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

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

Dolphin Medical Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dolphin Medical Services's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	8.03)	/	100.733
	=	0.08

Dolphin Medical Services's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	8.03)	/	100.733
	=	0.08

Dolphin Medical Services (BOM:526504) 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.

Dolphin Medical Services Debt-to-Equity Related Terms

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Dolphin Medical Services (BOM:526504) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dolphin Medical Services Ltd (BOM:526504) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

D.No.29-28/1-27, Kovelamudivari Veedhi, Suryaraopet, Vijayawada, AP, IND, 520 002

Website

http://www.dolphinmedicalservices.com

Dolphin Medical Services Ltd is an India-based company engaged in providing diagnostics and other allied services. It includes a range of tests covering radiology and imaging, biochemistry, pathology, and microbiology. In addition, the company is also involved in Information Technology, Biotechnology, and Herbal sectors. Services provided by the company are Diagnostic Centre provides all the services under one roof; the Ophthalmic Laser Care Centre provides total laser eye treatment as "Dolphin Nethralaya"; Teleradiology Services; Clinical Trials and Life Sciences division; Medical Equipment & Goods associated distribution; Bio-Tech Division is to provide Foods and Herbal Products and Dolphin Electronic Solution and Technologies(DEST).

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