Green Cross Health (NZSE:GXH) Debt-to-Equity : 0.92 (As of Sep. 2024)

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What is Green Cross Health Debt-to-Equity?

Green Cross Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NZ$14.2 Mil. Green Cross Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NZ$128.7 Mil. Green Cross Health's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NZ$156.0 Mil. Green Cross Health's debt to equity for the quarter that ended in Sep. 2024 was 0.92.

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

NZSE:GXH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.74 Max: 1.21
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Green Cross Health was 1.21. The lowest was 0.40. And the median was 0.74.

NZSE:GXH's Debt-to-Equity is ranked worse than
71.32% of 551 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs NZSE:GXH: 0.92

Green Cross Health Debt-to-Equity Historical Data

The historical data trend for Green Cross 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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Green Cross Health Debt-to-Equity Chart

Green Cross Health Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.21

0.77

0.74

0.64

0.94

Green Cross Health Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.64	0.88	0.94	0.92

Competitive Comparison of Green Cross Health's Debt-to-Equity

For the Pharmaceutical Retailers subindustry, Green Cross 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.

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

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

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

Green Cross Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Cross 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
	=	(15.671	+	128.912)	/	154.268
	=	0.94

Green Cross 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
	=	(14.193	+	128.735)	/	156.03
	=	0.92

Green Cross Health (NZSE:GXH) 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.

Green Cross Health Debt-to-Equity Related Terms

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Green Cross Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Green Cross Health Ltd (NZSE:GXH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Great South Road, Ellerslie, Ground Floor, Building B, Millennium Centre, Auckland, NTL, NZL, 1051

Website

https://www.greencrosshealth.co.nz

Green Cross Health Ltd is engaged in providing healthcare services in New Zealand. The reportable segments of the group are Pharmacy services, Medical services. The majority of the revenue is generated from the Pharmacy services segment. Its pharmacy services segment includes operations like providing pharmacy services through consolidated stores, equity-accounted investments, and franchise stores under the Unichem and Life Pharmacy brands. The medical service segment provides complete family healthcare services through general practitioners, accidents, and medical centers, with many operating under The Doctors Brand. Its community health segment provides services directly to the community to support independent living.

Green Cross Health Headlines

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