Netcare (STU:NH7) Debt-to-Equity : 1.14 (As of Mar. 2024)

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What is Netcare Debt-to-Equity?

Netcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €104 Mil. Netcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €515 Mil. Netcare's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €542 Mil. Netcare's debt to equity for the quarter that ended in Mar. 2024 was 1.14.

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

STU:NH7' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.9 Max: 1.23
Current: 1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Netcare was 1.23. The lowest was 0.60. And the median was 0.90.

STU:NH7's Debt-to-Equity is ranked worse than
73.86% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs STU:NH7: 1.14

Netcare Debt-to-Equity Historical Data

The historical data trend for Netcare'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.

* Premium members only.

Netcare Debt-to-Equity Chart

Netcare Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.67

1.22

1.03

1.00

1.12

Netcare Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.03	1.00	1.02	1.12	1.14

Competitive Comparison of Netcare's Debt-to-Equity

For the Medical Care Facilities subindustry, Netcare'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.

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

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

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

Netcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Netcare's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(94.265	+	513.367)	/	544.443
	=	1.12

Netcare'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
	=	(104.36	+	514.967)	/	541.863
	=	1.14

Netcare (STU:NH7) 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.

Netcare Debt-to-Equity Related Terms

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

Netcare (STU:NH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Netcare Ltd (STU:NH7) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTCP.PFD:South Africa NTC:South Africa

Address

76 Maude Street, Corner West Street, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.netcare.co.za

Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.

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