Medilines Distributors (PHS:MEDIC) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is Medilines Distributors Debt-to-Equity?

Medilines Distributors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱300 Mil. Medilines Distributors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱0 Mil. Medilines Distributors's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱2,171 Mil. Medilines Distributors's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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 Medilines Distributors's Debt-to-Equity or its related term are showing as below:

PHS:MEDIC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.14 Max: 2.24
Current: 0.14

During the past 6 years, the highest Debt-to-Equity Ratio of Medilines Distributors was 2.24. The lowest was 0.00. And the median was 0.14.

PHS:MEDIC's Debt-to-Equity is ranked better than
67.07% of 82 companies
in the Medical Distribution industry
Industry Median: 0.3 vs PHS:MEDIC: 0.14

Medilines Distributors Debt-to-Equity Historical Data

The historical data trend for Medilines Distributors'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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Medilines Distributors Debt-to-Equity Chart

Medilines Distributors Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.74

1.85

0.33

0.09

0.19

Medilines Distributors Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.09	-	0.10	0.19	0.14

Competitive Comparison of Medilines Distributors's Debt-to-Equity

For the Medical Distribution subindustry, Medilines Distributors'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.

Medilines Distributors's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Medilines Distributors's Debt-to-Equity distribution charts can be found below:

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

Medilines Distributors Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Medilines Distributors's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(400	+	0)	/	2150.471
	=	0.19

Medilines Distributors'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
	=	(300	+	0)	/	2170.689
	=	0.14

Medilines Distributors (PHS:MEDIC) 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.

Medilines Distributors Debt-to-Equity Related Terms

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Medilines Distributors (PHS:MEDIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Medilines Distributors Inc (PHS:MEDIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

C.V. Starr Avenue, 3rd Floor, Vistamall Hub, Pamplona Dos, Las Pinas, PHL, 1740

Website

https://www.medilines.com.ph

Medilines Distributors Inc is engaged in providing medical equipment. Its products include CathLab, CT Scanner, MRI, Mammography, Dialysis Machine, and Linear Accelerator among others. All of the company's operations are based in the Philippines.

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