Nightingale Health (OHEL:HEALTH) Debt-to-Equity : 0.05 (As of Jun. 2023)

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What is Nightingale Health Debt-to-Equity?

Nightingale Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €2.35 Mil. Nightingale Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €2.68 Mil. Nightingale Health's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €97.36 Mil. Nightingale Health's debt to equity for the quarter that ended in Jun. 2023 was 0.05.

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

OHEL:HEALTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 1.81
Current: 0.05

During the past 5 years, the highest Debt-to-Equity Ratio of Nightingale Health was 1.81. The lowest was 0.05. And the median was 0.09.

OHEL:HEALTH's Debt-to-Equity is ranked better than
88.32% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs OHEL:HEALTH: 0.05

Nightingale Health Debt-to-Equity Historical Data

The historical data trend for Nightingale 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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Nightingale Health Debt-to-Equity Chart

Nightingale Health Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

1.27

1.81

0.09

0.07

0.05

Nightingale Health Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial				0.09	0.03	0.07	0.06	0.05

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

For the Health Information Services subindustry, Nightingale 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.

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

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

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

Nightingale Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nightingale Health's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(2.349	+	2.682)	/	97.356
	=	0.05

Nightingale Health's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2.349	+	2.682)	/	97.356
	=	0.05

Nightingale Health (OHEL:HEALTH) 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.

Nightingale Health Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nightingale Health's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nightingale Health (OHEL:HEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nightingale Health PLC (OHEL:HEALTH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7XE:Germany

Address

Mannerheimintie 164a, Helsinki, FIN, 00300

Website

https://www.nightingalehealth.com

Nightingale Health PLC offers a health data platform that detects disease risks. The Health Data Platform empowers individuals to take actions to prevent diseases by allowing them access to disease risk information. With its Health Data Platform, the company connects the services of healthcare actors with the preventative health needs of individuals.

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