New Century Healthcare Holdings Co (HKSE:01518) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is New Century Healthcare Holdings Co Debt-to-Equity?

New Century Healthcare Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$62 Mil. New Century Healthcare Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$163 Mil. New Century Healthcare Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$571 Mil. New Century Healthcare Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 New Century Healthcare Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:01518' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.69 Med: 0.38 Max: 0.5
Current: 0.4

During the past 11 years, the highest Debt-to-Equity Ratio of New Century Healthcare Holdings Co was 0.50. The lowest was -0.69. And the median was 0.38.

HKSE:01518's Debt-to-Equity is ranked better than
54.43% of 553 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs HKSE:01518: 0.40

New Century Healthcare Holdings Co Debt-to-Equity Historical Data

The historical data trend for New Century Healthcare Holdings Co'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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New Century Healthcare Holdings Co Debt-to-Equity Chart

New Century Healthcare Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.43

0.38

0.50

0.40

New Century Healthcare Holdings Co Semi-Annual Data
	Dec13	Dec14	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														0.38	0.47	0.50	0.44	0.40

Competitive Comparison of New Century Healthcare Holdings Co's Debt-to-Equity

For the Medical Care Facilities subindustry, New Century Healthcare Holdings Co'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.

New Century Healthcare Holdings Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where New Century Healthcare Holdings Co's Debt-to-Equity falls into.

New Century Healthcare Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Century Healthcare Holdings Co'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
	=	(62.313	+	163.086)	/	571.263
	=	0.39

New Century Healthcare Holdings Co'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
	=	(62.313	+	163.086)	/	571.263
	=	0.39

New Century Healthcare Holdings Co (HKSE:01518) 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.

New Century Healthcare Holdings Co Debt-to-Equity Related Terms

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New Century Healthcare Holdings Co (HKSE:01518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New Century Healthcare Holdings Co Ltd (HKSE:01518) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

56 Nanlishi Road, Xicheng District, Beijing, CHN, 100045

Website

https://www.ncich.com.cn

New Century Healthcare Holdings Co Ltd is an investment holding company engaged in the healthcare industry. It specializes in the provision of medical services which include the segments of Pediatrics, Obstetrics and gynecology, Hospital consulting services and Others. The group's revenue is mostly derived from activities in the PRC. A majority of income is generated from the Pediatrics segment.

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