Centogene NV (Centogene NV) Debt-to-Equity : -3.94 (As of Jun. 2023)

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What is Centogene NV Debt-to-Equity?

Centogene NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $7.38 Mil. Centogene NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $57.52 Mil. Centogene NV's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-16.49 Mil. Centogene NV's debt to equity for the quarter that ended in Jun. 2023 was -3.94.

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 Centogene NV's Debt-to-Equity or its related term are showing as below:

CNTG' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.94 Med: 0.66 Max: 8.11
Current: -3.94

During the past 7 years, the highest Debt-to-Equity Ratio of Centogene NV was 8.11. The lowest was -3.94. And the median was 0.66.

CNTG's Debt-to-Equity is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 0.22 vs CNTG: -3.94

Centogene NV Debt-to-Equity Historical Data

The historical data trend for Centogene NV'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.

Centogene NV Debt-to-Equity Chart

Centogene NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.72

0.45

0.37

0.83

8.11

Centogene NV Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.83	1.32	1.98	8.11	-3.94

Competitive Comparison of Centogene NV's Debt-to-Equity

For the Diagnostics & Research subindustry, Centogene NV'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.

Centogene NV's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

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

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

Centogene NV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Centogene NV's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(7.358	+	56.331)	/	7.851
	=	8.11

Centogene NV's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(7.38	+	57.522)	/	-16.492
	=	-3.94

Centogene NV (NAS:CNTG) 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.

Centogene NV Debt-to-Equity Related Terms

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Centogene NV (Centogene NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Centogene NV (NAS:CNTG) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

39K:Germany

Address

Am Strande 7, Rostock, MV, DEU, 18055

Website

https://www.centogene.com

Centogene NV is a United States-based company focused on transforming clinical and genetic data into actionable information for patients, physicians, and pharmaceutical companies. The company operates in three segments: pharmaceutical, diagnostics, and COVID-19. Its pharmaceutical segment provides a variety of services to its pharmaceutical partners, including early patient recruitment and identification, epidemiological insights, biomarker discovery, and patient monitoring. Its clinical diagnostics segment provides targeted genetic sequencing and diagnostics services to patients.