Concord Medical Co (ROCO:6518) Debt-to-Equity : 0.33 (As of Jun. 2024)

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What is Concord Medical Co Debt-to-Equity?

Concord Medical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$34.6 Mil. Concord Medical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was NT$189.1 Mil. Concord Medical Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was NT$671.5 Mil. Concord Medical Co's debt to equity for the quarter that ended in Jun. 2024 was 0.33.

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 Concord Medical Co's Debt-to-Equity or its related term are showing as below:

ROCO:6518' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.69 Max: 0.87
Current: 0.33

During the past 12 years, the highest Debt-to-Equity Ratio of Concord Medical Co was 0.87. The lowest was 0.30. And the median was 0.69.

ROCO:6518's Debt-to-Equity is ranked worse than
58.89% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs ROCO:6518: 0.33

Concord Medical Co Debt-to-Equity Historical Data

The historical data trend for Concord Medical Co'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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Concord Medical Co Debt-to-Equity Chart

Concord Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.73

0.67

0.34

0.30

0.32

Concord Medical Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.31	0.30	0.30	0.32	0.33

Competitive Comparison of Concord Medical Co's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Concord Medical Co'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.

Concord Medical Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Concord Medical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Concord Medical Co's Debt-to-Equity falls into.

Concord Medical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Concord Medical Co'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
	=	(32.415	+	183.626)	/	681.026
	=	0.32

Concord Medical Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(34.604	+	189.127)	/	671.476
	=	0.33

Concord Medical Co (ROCO:6518) 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.

Concord Medical Co Debt-to-Equity Related Terms

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Concord Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Concord Medical Co Ltd (ROCO:6518) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 266, Wenhua Road, 12F, Sec.1, 12th Floor, Banqiao District, New Taipei City, Taipei, TWN, 22041

Website

http://www.concordmed.com.tw

Concord Medical Co Ltd is a Taiwan based company involved in providing hospital management support services including medical equipment leasing, pharmaceuticals, and medical consumables integrated supply. . The company's main business items are medical equipment, pharmaceuticals Product trading business, leasing business and management consulting services.

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