Narayana Hrudayalaya (NSE:NH) Debt-to-Equity : 0.53 (As of Sep. 2024)

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What is Narayana Hrudayalaya Debt-to-Equity?

Narayana Hrudayalaya's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹2,795 Mil. Narayana Hrudayalaya's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹14,236 Mil. Narayana Hrudayalaya's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹32,057 Mil. Narayana Hrudayalaya's debt to equity for the quarter that ended in Sep. 2024 was 0.53.

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 Narayana Hrudayalaya's Debt-to-Equity or its related term are showing as below:

NSE:NH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.51 Max: 0.84
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Narayana Hrudayalaya was 0.84. The lowest was 0.20. And the median was 0.51.

NSE:NH's Debt-to-Equity is ranked worse than
53.44% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.465 vs NSE:NH: 0.53

Narayana Hrudayalaya Debt-to-Equity Historical Data

The historical data trend for Narayana Hrudayalaya'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.

Narayana Hrudayalaya Debt-to-Equity Chart

Narayana Hrudayalaya Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.84

0.74

0.49

0.42

0.56

Narayana Hrudayalaya Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.43	N/A	0.56	N/A	0.53

Competitive Comparison of Narayana Hrudayalaya's Debt-to-Equity

For the Medical Care Facilities subindustry, Narayana Hrudayalaya'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.

Narayana Hrudayalaya's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Narayana Hrudayalaya Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Narayana Hrudayalaya'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
	=	(2820.49	+	13446.45)	/	28836.81
	=	0.56

Narayana Hrudayalaya'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
	=	(2795.22	+	14236.12)	/	32056.51
	=	0.53

Narayana Hrudayalaya (NSE:NH) 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.

Narayana Hrudayalaya Debt-to-Equity Related Terms

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Narayana Hrudayalaya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Narayana Hrudayalaya Ltd (NSE:NH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

539551:India

Address

Hosur Road, Anekal Taluk, 261/A, 2nd Floor, Bommasandra Industrial Area, Bengaluru, KA, IND, 560099

Website

https://www.narayanahealth.org

Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. It operates a chain of multispecialty, tertiary healthcare facilities. The hospital offers medical services in the field of dermatology, hematology, neurology, orthopedics, pediatrics, cancer care, cardiology, pulmonology. The Company's sole operating segment is Medical and Healthcare Related Services. It also provides surgery services such as Cardiac Surgery, Neurosurgery, Thoracic Surgery, Renal Transplant, and others. Imaging and radiology services, Physiotherapy sessions, and blood bank services are some of the diagnostics and support provided by the hospital. It has business operations in India and the Rest of the world, of which maximum revenue is generated from the business operations in India.

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