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Clarity Medical Group Holding (HKSE:01406) Debt-to-Equity : 0.11 (As of Sep. 2024)


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What is Clarity Medical Group Holding Debt-to-Equity?

Clarity Medical Group Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$15.4 Mil. Clarity Medical Group Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$3.2 Mil. Clarity Medical Group Holding's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$174.0 Mil. Clarity Medical Group Holding's debt to equity for the quarter that ended in Sep. 2024 was 0.11.

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 Clarity Medical Group Holding's Debt-to-Equity or its related term are showing as below:

HKSE:01406' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.15   Max: 0.41
Current: 0.11

During the past 6 years, the highest Debt-to-Equity Ratio of Clarity Medical Group Holding was 0.41. The lowest was 0.08. And the median was 0.15.

HKSE:01406's Debt-to-Equity is ranked better than
67.39% of 693 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs HKSE:01406: 0.11

Clarity Medical Group Holding Debt-to-Equity Historical Data

The historical data trend for Clarity Medical Group Holding'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.

Clarity Medical Group Holding Debt-to-Equity Chart

Clarity Medical Group Holding Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial 0.25 0.15 0.08 0.18 0.13

Clarity Medical Group Holding Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.18 0.15 0.13 0.11

Competitive Comparison of Clarity Medical Group Holding's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Clarity Medical Group Holding'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.


Clarity Medical Group Holding's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Clarity Medical Group Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Clarity Medical Group Holding's Debt-to-Equity falls into.



Clarity Medical Group Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clarity Medical Group Holding's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Clarity Medical Group Holding's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Clarity Medical Group Holding  (HKSE:01406) 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.


Clarity Medical Group Holding Debt-to-Equity Related Terms

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Clarity Medical Group Holding Business Description

Traded in Other Exchanges
N/A
Address
9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG
Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.
Executives
Tian Jin Zhong You Jian Kang Ke Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Ying Tong Ke Ji Fa Zhan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
3w Partners Gp Limited 2201 Interest of corporation controlled by you
Chan Hoi Hin William 2501 Other
Goh Lu Hong 2501 Other
Clear Lead Ventures Limited 2101 Beneficial owner
3w Partners Holdings Limited 2201 Interest of corporation controlled by you
3w Partners Fund I L.p. 2201 Interest of corporation controlled by you
Global Vision Investment Lp 2201 Interest of corporation controlled by you
Innovative Vision Gp Ltd (formerly Known As Global Vision Gp Ltd) 2201 Interest of corporation controlled by you
Innovative Vision Inc 2101 Beneficial owner
Prime Sage International Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Ultimate Bliss Limited 2307 Founder of a discretionary trust who can infl
Tse Wai Ip 2307 Founder of a discretionary trust who can infl

Clarity Medical Group Holding Headlines

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