Precheck Health Service (Precheck Health Service) Debt-to-Equity : -0.99 (As of Sep. 2019)

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What is Precheck Health Service Debt-to-Equity?

Precheck Health Service's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $1.44 Mil. Precheck Health Service's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil. Precheck Health Service's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $-1.47 Mil. Precheck Health Service's debt to equity for the quarter that ended in Sep. 2019 was -0.98.

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 Precheck Health Service's Debt-to-Equity or its related term are showing as below:

HLTY's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Precheck Health Service Debt-to-Equity Historical Data

The historical data trend for Precheck Health Service'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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Precheck Health Service Debt-to-Equity Chart

Precheck Health Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

5.67

0.21

-0.63

Precheck Health Service Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial													-1.11	-0.63	-1.15	-0.97	-0.99

Competitive Comparison of Precheck Health Service's Debt-to-Equity

For the Medical Devices subindustry, Precheck Health Service'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.

Precheck Health Service's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Precheck Health Service's Debt-to-Equity falls into.

Precheck Health Service Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Precheck Health Service's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(0.582	+	0)	/	-0.918
	=	-0.63

Precheck Health Service's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(1.443	+	0)	/	-1.465
	=	-0.98

Precheck Health Service (GREY:HLTY) 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.

Precheck Health Service Debt-to-Equity Related Terms

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