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Ping An Healthcare And Technology Co (HKSE:01833) Debt-to-Equity : 0.00 (As of Jun. 2024)


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What is Ping An Healthcare And Technology Co Debt-to-Equity?

Ping An Healthcare And Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$31 Mil. Ping An Healthcare And Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$21 Mil. Ping An Healthcare And Technology Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$14,403 Mil. Ping An Healthcare And Technology Co's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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 Ping An Healthcare And Technology Co's Debt-to-Equity or its related term are showing as below:

During the past 9 years, the highest Debt-to-Equity Ratio of Ping An Healthcare And Technology Co was 0.23. The lowest was -0.27. And the median was 0.01.

HKSE:01833's Debt-to-Equity is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 0.465
* Ranked among companies with meaningful Debt-to-Equity only.

Ping An Healthcare And Technology Co Debt-to-Equity Historical Data

The historical data trend for Ping An Healthcare And Technology 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.

* Premium members only.

Ping An Healthcare And Technology Co Debt-to-Equity Chart

Ping An Healthcare And Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.01 0.01 0.01 0.01 0.01

Ping An Healthcare And Technology Co Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 -

Competitive Comparison of Ping An Healthcare And Technology Co's Debt-to-Equity

For the Health Information Services subindustry, Ping An Healthcare And Technology 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.

Ping An Healthcare And Technology Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ping An Healthcare And Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ping An Healthcare And Technology Co's Debt-to-Equity falls into.


Ping An Healthcare And Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ping An Healthcare And Technology 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
=(47.712 + 54.677) / 14529.354
=0.01

Ping An Healthcare And Technology Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(31.237 + 21.245) / 14402.714
=0.00

* 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.

Ping An Healthcare And Technology Co  (HKSE:01833) 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.

Ping An Healthcare And Technology Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ping An Healthcare And Technology Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ping An Healthcare And Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ping An Healthcare And Technology Co Ltd (HKSE:01833) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:02158 HKSE:09886 HKSE:02415 HKSE:02361 HKSE:06819 HKSE:09686 HKSE:02251 HKSE:02159 VEEV GEHC TSE:2413 HQY ASX:PME RCM TXG DOCS PGNY EVH TDOC PRVA
Traded in Other Exchanges
PANHF:USA PIAHY:USA 1XZ:Germany
Address
No. 298, Guo Xia Road, 5-9th Floor, Building B, INNO KIC, Yangpu District, Shanghai, CHN
Website
https://www.pagd.net
Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 1,748 corporate clients and 17.7 million paying users. PAGD is 38.43% owned by its parent company.
Executives
Sounda Properties Limited 2201 Interest of corporation controlled by you
Hopson Development Holdings Limited 2201 Interest of corporation controlled by you
Chu Mang Yee 2201 Interest of corporation controlled by you
Hsbc Holdings Plc 2302 Custodian
Morgan Stanley 2201 Interest of corporation controlled by you
Dou Wenwei 2201 Interest of corporation controlled by you
Wang Wenjun 2201 Interest of corporation controlled by you
Bang Qi Jian You Xian Gong Si 2101 Beneficial owner
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
An Ke Ji Shu You Xian Gong Si 2201 Interest of corporation controlled by you
An Xin You Xian Gong Si 2101 Beneficial owner

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