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Qingsong Health Co (ROCO:6931) Debt-to-Equity : 1.41 (As of Dec. 2023)


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What is Qingsong Health Co Debt-to-Equity?

Qingsong Health Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$70.2 Mil. Qingsong Health Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$802.0 Mil. Qingsong Health Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$619.8 Mil. Qingsong Health Co's debt to equity for the quarter that ended in Dec. 2023 was 1.41.

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

ROCO:6931' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.29   Med: 1.42   Max: 1.69
Current: 1.41

During the past 5 years, the highest Debt-to-Equity Ratio of Qingsong Health Co was 1.69. The lowest was 1.29. And the median was 1.42.

ROCO:6931's Debt-to-Equity is ranked worse than
79.38% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs ROCO:6931: 1.41

Qingsong Health Co Debt-to-Equity Historical Data

The historical data trend for Qingsong Health 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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Qingsong Health Co Debt-to-Equity Chart

Qingsong Health Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
1.69 1.42 1.29 1.44 1.41

Qingsong Health Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 1.29 1.40 1.44 1.35 1.41

Competitive Comparison of Qingsong Health Co's Debt-to-Equity

For the Medical Care Facilities subindustry, Qingsong Health 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.

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

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

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


Qingsong Health Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingsong Health 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
=(70.204 + 802.045) / 619.837
=1.41

Qingsong Health Co's Debt to Equity Ratio for the quarter 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
=(70.204 + 802.045) / 619.837
=1.41

* 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.

Qingsong Health Co  (ROCO:6931) 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.

Qingsong Health Co Debt-to-Equity Related Terms

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Qingsong Health Co (ROCO:6931) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qingsong Health Co Ltd (ROCO:6931) » Definitions » Debt-to-Equity
Comparable Companies
ROCO:4139 HCA SAU:4013 SZSE:300015 HKSE:06618 XTER:FRE BKK:BDMS XKLS:5225 BSP:RDOR3 XTER:FME UHS CHE NSE:APOLLOHOSP ASX:RHC DVA AGL ACHC BOM:543220 EHC BKK:BH
Traded in Other Exchanges
N/A
Address
No. 219, Section 3, Zhongtou West Road, Dali District, Taichung, TWN
Website
https://www.qingsong.com.tw
Qingsong Health Co Ltd is an elderly parental care organization. It provides a variety of care solutions from home to institutions to protect families, creates a livable living environment and provides warm care services, so that the elders can spend their old age with smiles and satisfaction in their silver-haired years.

Qingsong Health Co (ROCO:6931) Headlines

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