Tejnaksh Healthcare (BOM:539428) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Tejnaksh Healthcare Debt-to-Equity?

Tejnaksh Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Tejnaksh Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Tejnaksh Healthcare's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

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

BOM:539428' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.3 Max: 0.78
Current: 0.25

During the past 9 years, the highest Debt-to-Equity Ratio of Tejnaksh Healthcare was 0.78. The lowest was 0.04. And the median was 0.30.

BOM:539428's Debt-to-Equity is ranked better than
63.8% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs BOM:539428: 0.25

Tejnaksh Healthcare Debt-to-Equity Historical Data

The historical data trend for Tejnaksh 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.

Tejnaksh Healthcare Debt-to-Equity Chart

Tejnaksh Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.48

0.47

0.28

0.35

0.30

Tejnaksh Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.30	N/A	0.25	N/A

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

For the Medical Care Facilities subindustry, Tejnaksh 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.

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

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

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

Tejnaksh Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tejnaksh Healthcare's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5.428	+	58.77)	/	217.682
	=	0.29

Tejnaksh Healthcare'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	+	0)	/	0
	=	N/A

Tejnaksh Healthcare (BOM:539428) 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.

Tejnaksh Healthcare Debt-to-Equity Related Terms

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Tejnaksh Healthcare (BOM:539428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tejnaksh Healthcare Ltd (BOM:539428) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Institute of Urology, Sakri Road, Dhule, MH, IND, 424 001

Website

https://www.tejnaksh.com

Tejnaksh Healthcare Ltd is engaged in the provision of hospital and healthcare services. Geographically, it operates only in India. The Company has a single operating segment, namely health care services. The company domains include Urology Hospitals; Nephrology Hospitals; Dental Clinics; Healthcare Equipment and Research and Development. It generates maximum revenue from Operation and Surgery.

Tejnaksh Healthcare (BOM:539428) Headlines

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