Optima Health (LSE:OPT) Debt-to-Equity : 0.08 (As of Sep. 2024)

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What is Optima Health Debt-to-Equity?

Optima Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was £0.8 Mil. Optima Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was £12.2 Mil. Optima Health's Total Stockholders Equity for the quarter that ended in Sep. 2024 was £165.8 Mil. Optima Health's debt to equity for the quarter that ended in Sep. 2024 was 0.08.

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

LSE:OPT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.27 Max: 0.45
Current: 0.08

During the past 3 years, the highest Debt-to-Equity Ratio of Optima Health was 0.45. The lowest was 0.08. And the median was 0.27.

LSE:OPT's Debt-to-Equity is ranked better than
82% of 561 companies
in the Healthcare Providers & Services industry
Industry Median: 0.44 vs LSE:OPT: 0.08

Optima Health Debt-to-Equity Historical Data

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

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Equity

0.27

0.45

N/A

Optima Health Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	0.27	0.45	N/A	N/A	0.08

Competitive Comparison of Optima Health's Debt-to-Equity

For the Health Information Services subindustry, Optima Health'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.

Optima Health's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

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Optima Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Optima Health's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(11.749	+	0.702)	/	N/A
	=	N/A

Optima Health's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.835	+	12.158)	/	165.757
	=	0.08

Optima Health (LSE:OPT) 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.

Optima Health Debt-to-Equity Related Terms

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Optima Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Health PLC (LSE:OPT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.