Third Age Health Services (NZSE:TAH) Debt-to-Equity : 1.42 (As of Mar. 2024)

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What is Third Age Health Services Debt-to-Equity?

Third Age Health Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$1.65 Mil. Third Age Health Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$2.40 Mil. Third Age Health Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$2.85 Mil. Third Age Health Services's debt to equity for the quarter that ended in Mar. 2024 was 1.42.

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

NZSE:TAH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.91 Max: 2.11
Current: 1.42

During the past 4 years, the highest Debt-to-Equity Ratio of Third Age Health Services was 2.11. The lowest was 0.12. And the median was 0.91.

NZSE:TAH's Debt-to-Equity is ranked worse than
79.38% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs NZSE:TAH: 1.42

Third Age Health Services Debt-to-Equity Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Debt-to-Equity Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.12

0.40

2.11

1.42

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.40	0.68	2.11	1.67	1.42

Competitive Comparison of Third Age Health Services's Debt-to-Equity

For the Medical Care Facilities subindustry, Third Age Health Services'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.

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

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

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

Third Age Health Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Third Age Health Services'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
	=	(1.648	+	2.399)	/	2.851
	=	1.42

Third Age Health Services's Debt to Equity Ratio for the quarter 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
	=	(1.648	+	2.399)	/	2.851
	=	1.42

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services Debt-to-Equity Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.