Spire Healthcare Group (CHIX:SPIL) Debt-to-Equity : 1.70 (As of Dec. 2023)

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What is Spire Healthcare Group Debt-to-Equity?

Spire Healthcare Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £102 Mil. Spire Healthcare Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1,155 Mil. Spire Healthcare Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £740 Mil. Spire Healthcare Group's debt to equity for the quarter that ended in Dec. 2023 was 1.70.

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

CHIX:SPIl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.23 Max: 1.78
Current: 1.7

During the past 13 years, the highest Debt-to-Equity Ratio of Spire Healthcare Group was 1.78. The lowest was 0.48. And the median was 1.23.

CHIX:SPIl's Debt-to-Equity is ranked worse than
84.24% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs CHIX:SPIl: 1.70

Spire Healthcare Group Debt-to-Equity Historical Data

The historical data trend for Spire Healthcare Group'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.

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Spire Healthcare Group Debt-to-Equity Chart

Spire Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.24

1.66

1.78

1.63

1.70

Spire Healthcare Group 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															1.78	1.64	1.63	1.63	1.70

Competitive Comparison of Spire Healthcare Group's Debt-to-Equity

For the Medical Care Facilities subindustry, Spire Healthcare Group'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.

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

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

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

Spire Healthcare Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spire Healthcare Group'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
	=	(101.8	+	1155.2)	/	739.9
	=	1.70

Spire Healthcare Group'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
	=	(101.8	+	1155.2)	/	739.9
	=	1.70

Spire Healthcare Group (CHIX:SPIl) 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.

Spire Healthcare Group Debt-to-Equity Related Terms

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

Spire Healthcare Group (CHIX:SPIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Spire Healthcare Group PLC (CHIX:SPIl) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPI:UK S00:Germany

Address

3 Dorset Rise, London, GBR, EC4Y 8EN

Website

https://www.spirehealthcare.com

Spire Healthcare Group PLC is an independent hospital group in the United Kingdom, with 40 private hospitals and eight clinics. It is a private provider, by volume, of knee and hip operations in the United Kingdom. The Group is a well-located and scalable hospital have delivered successful and award-winning clinical outcomes, positioning the Group well with patients, Consultants, the NHS, GPs and Private Medical Insurance providers. It treats patients through a variety of routes including PMI, Self-pay and the NHS, providing the Group with diversified access to the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of NHS budget constraints and increasing demand from a growing population with longer life expectancy.

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