Promisia Healthcare (NZSE:PHL) Debt-to-Equity : 1.53 (As of Sep. 2023)

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What is Promisia Healthcare Debt-to-Equity?

Promisia Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$0.00 Mil. Promisia Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$30.43 Mil. Promisia Healthcare's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$19.94 Mil. Promisia Healthcare's debt to equity for the quarter that ended in Sep. 2023 was 1.53.

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 Promisia Healthcare's Debt-to-Equity or its related term are showing as below:

NZSE:PHL' s Debt-to-Equity Range Over the Past 10 Years
Min: -626.5 Med: 0.92 Max: 3.14
Current: 1.53

During the past 13 years, the highest Debt-to-Equity Ratio of Promisia Healthcare was 3.14. The lowest was -626.50. And the median was 0.92.

NZSE:PHL's Debt-to-Equity is ranked worse than
81.68% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs NZSE:PHL: 1.53

Promisia Healthcare Debt-to-Equity Historical Data

The historical data trend for Promisia Healthcare'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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Promisia Healthcare Debt-to-Equity Chart

Promisia Healthcare Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Debt-to-Equity

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0.90

0.98

-0.63

0.92

1.54

Promisia Healthcare Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Oct20	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.63	0.92	1.57	1.54	1.53

Competitive Comparison of Promisia Healthcare's Debt-to-Equity

For the Medical Care Facilities subindustry, Promisia Healthcare'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.

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

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

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

Promisia Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Promisia Healthcare's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(11.717	+	19.145)	/	20.088
	=	1.54

Promisia Healthcare's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	30.431)	/	19.936
	=	1.53

Promisia Healthcare (NZSE:PHL) 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.

Promisia Healthcare Debt-to-Equity Related Terms

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Promisia Healthcare (NZSE:PHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Promisia Healthcare Ltd (NZSE:PHL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Customhouse Quay, Level 2, Wellington, NZL, 6011

Website

https://www.promisia.co.nz

Promisia Healthcare Ltd is engaged in the provision of aged care in New Zealand. The company's services include Rest Home Care; Hospital Care; Respite Care; Young Disabled Care; Dementia Care; Palliative Care; Adult Day Care and others. The Group operates in one operating segment the provision of aged care in New Zealand.

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