Vincent Medical Holdings (HKSE:01612) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Vincent Medical Holdings Debt-to-Equity?

Vincent Medical Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$35.5 Mil. Vincent Medical Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.8 Mil. Vincent Medical Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$541.8 Mil. Vincent Medical Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Vincent Medical Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01612' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.15
Current: 0.07

During the past 11 years, the highest Debt-to-Equity Ratio of Vincent Medical Holdings was 0.15. The lowest was 0.00. And the median was 0.06.

HKSE:01612's Debt-to-Equity is ranked better than
74.64% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.215 vs HKSE:01612: 0.07

Vincent Medical Holdings Debt-to-Equity Historical Data

The historical data trend for Vincent Medical Holdings'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.

Vincent Medical Holdings Debt-to-Equity Chart

Vincent Medical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.14

0.11

0.12

0.07

Vincent Medical Holdings Semi-Annual Data
	Dec13	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															0.11	0.16	0.12	0.05	0.07

Competitive Comparison of Vincent Medical Holdings's Debt-to-Equity

For the Medical Devices subindustry, Vincent Medical Holdings'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.

Vincent Medical Holdings's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Vincent Medical Holdings's Debt-to-Equity falls into.

Vincent Medical Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vincent Medical Holdings'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
	=	(35.546	+	1.839)	/	541.843
	=	0.07

Vincent Medical Holdings'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
	=	(35.546	+	1.839)	/	541.843
	=	0.07

Vincent Medical Holdings (HKSE:01612) 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.

Vincent Medical Holdings Debt-to-Equity Related Terms

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

Vincent Medical Holdings (HKSE:01612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Vincent Medical Holdings Ltd (HKSE:01612) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tak Fung Street, Units 1604-07A, 16th Floor, Two Harbourfront, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.vincentmedical.com

Vincent Medical Holdings Ltd is an investment holding company engaged in the manufacturing and selling of medical devices. The company operates in two segments: OEM (original equipment manufacturing) and OBM (original brand manufacturing). The OEM segment manufactures products as per the customer requirement. The OBM segment includes research, development, manufacturing, marketing, and sales of medical devices under Inspired Medical, Hand of Hope, and Hypnus brands. Its product categories include Respiratory products, Imaging disposable products, Orthopaedic and rehabilitation products, and Others. Its geographical segments are United States, The PRC, Japan, Costa Rica, The Netherlands, Spain, Germany, Hong Kong, Turkey, Canada, India, Thailand, Vietnam and Others.

Executives

Choi Man Shing	2101 Beneficial owner
Liu Pui Ching	2202 Interest of your spouse
Vincent Raya International Limited

Vincent Medical Holdings (HKSE:01612) Headlines

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