Town Health International Medical Group (HKSE:03886) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Town Health International Medical Group Debt-to-Equity?

Town Health International Medical Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$208 Mil. Town Health International Medical Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$249 Mil. Town Health International Medical Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,242 Mil. Town Health International Medical Group's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 Town Health International Medical Group's Debt-to-Equity or its related term are showing as below:

HKSE:03886' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.14
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Town Health International Medical Group was 0.14. The lowest was 0.01. And the median was 0.03.

HKSE:03886's Debt-to-Equity is ranked better than
72.83% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs HKSE:03886: 0.14

Town Health International Medical Group Debt-to-Equity Historical Data

The historical data trend for Town Health International Medical Group'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.

Town Health International Medical Group Debt-to-Equity Chart

Town Health International Medical Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.03

0.14

Town Health International Medical Group Semi-Annual Data
	Jun14	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															0.03	0.03	0.14	0.13	0.14

Competitive Comparison of Town Health International Medical Group's Debt-to-Equity

For the Medical Care Facilities subindustry, Town Health International Medical Group'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.

Town Health International Medical Group's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Town Health International Medical Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Town Health International Medical Group's Debt-to-Equity falls into.

Town Health International Medical Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Town Health International Medical Group'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
	=	(207.512	+	249.43)	/	3242.129
	=	0.14

Town Health International Medical Group'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
	=	(207.512	+	249.43)	/	3242.129
	=	0.14

Town Health International Medical Group (HKSE:03886) 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.

Town Health International Medical Group Debt-to-Equity Related Terms

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

Town Health International Medical Group (HKSE:03886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Town Health International Medical Group Ltd (HKSE:03886) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

10-12 Yuen Shun Circuit, 6th Floor, Town Health Technology Centre, Siu Lek Yuen, New Territories, Shatin, Hong Kong, HKG

Website

https://www.townhealth.com

Town Health International Medical Group Ltd is a Chinese healthcare services company. The company operates in the following business segments: Hong Kong medical services, which provides medical and dental services in Hong Kong; Hong Kong managed care business manages healthcare networks and provision of third-party medical networks; Mainland hospital management and medical services, which provides medical and dental services in the PRC; and Others, provides miscellaneous healthcare-related services and leasing of properties.

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