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
67.63% of 695 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

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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					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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.177	+	6.233)	/	189.522
	=	0.13

Clarity Medical Group Holding's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(15.423	+	3.244)	/	174.027
	=	0.11

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

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

Clarity Medical Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Clarity Medical Group Holding Ltd (HKSE:01406) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG

Website

https://www.claritymedic.com

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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