Viemed Healthcare (TSX:VMD) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Viemed Healthcare Debt-to-Equity?

Viemed Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$2.0 Mil. Viemed Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$10.9 Mil. Viemed Healthcare's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$157.4 Mil. Viemed Healthcare's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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

TSX:VMD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.5
Current: 0.08

During the past 8 years, the highest Debt-to-Equity Ratio of Viemed Healthcare was 0.50. The lowest was 0.01. And the median was 0.14.

TSX:VMD's Debt-to-Equity is ranked better than
72.62% of 705 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TSX:VMD: 0.08

Viemed Healthcare Debt-to-Equity Historical Data

The historical data trend for Viemed Healthcare'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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Viemed Healthcare Debt-to-Equity Chart

Viemed Healthcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.14

0.07

0.01

0.09

Viemed Healthcare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.16	0.10	0.09	0.08

Competitive Comparison of Viemed Healthcare's Debt-to-Equity

For the Medical Devices subindustry, Viemed Healthcare'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.

Viemed Healthcare's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

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

Viemed Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Viemed Healthcare'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
	=	(2.691	+	11.159)	/	152.802
	=	0.09

Viemed Healthcare'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
	=	(2.021	+	10.88)	/	157.387
	=	0.08

Viemed Healthcare (TSX:VMD) 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.

Viemed Healthcare Debt-to-Equity Related Terms

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Viemed Healthcare (TSX:VMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Viemed Healthcare Inc (TSX:VMD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VMD:USA VIJ:Germany

Address

625 E. Kaliste Saloom Road, Lafayette, LA, USA, 70508

Website

https://www.viemed.com

Viemed Healthcare Inc is a provider of equipment and home therapy to patients with respiratory disease, oxygen problems, sleep apnea and PAP treatment. The company also provides services such as respiratory disease management, neuromuscular care, in-home sleep testing and sleep apnea treatment, oxygen therapy, respiratory equipment rentals, and healthcare staffing services.