Jack Nathan Medical (TSXV:JNH) Debt-to-Equity : -2.40 (As of Oct. 2023)

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What is Jack Nathan Medical Debt-to-Equity?

Jack Nathan Medical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$2.29 Mil. Jack Nathan Medical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$9.32 Mil. Jack Nathan Medical's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$-4.85 Mil. Jack Nathan Medical's debt to equity for the quarter that ended in Oct. 2023 was -2.40.

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

TSXV:JNH' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.01 Med: 0.09 Max: 3.62
Current: -2.4

During the past 6 years, the highest Debt-to-Equity Ratio of Jack Nathan Medical was 3.62. The lowest was -4.01. And the median was 0.09.

TSXV:JNH's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs TSXV:JNH: -2.40

Jack Nathan Medical Debt-to-Equity Historical Data

The historical data trend for Jack Nathan Medical'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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Jack Nathan Medical Debt-to-Equity Chart

Jack Nathan Medical Annual Data

Trend

Dec18

Dec19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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-0.98

0.08

0.28

-2.44

Jack Nathan Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															3.62	-2.44	-1.94	-4.01	-2.40

Competitive Comparison of Jack Nathan Medical's Debt-to-Equity

For the Medical Care Facilities subindustry, Jack Nathan Medical'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.

Jack Nathan Medical's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Jack Nathan Medical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jack Nathan Medical's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(2.447	+	2.103)	/	-1.868
	=	-2.44

Jack Nathan Medical's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(2.286	+	9.323)	/	-4.846
	=	-2.40

Jack Nathan Medical (TSXV:JNH) 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.

Jack Nathan Medical Debt-to-Equity Related Terms

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

Jack Nathan Medical (TSXV:JNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jack Nathan Medical Corp (TSXV:JNH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JNHMF:USA

Address

6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6

Website

https://www.jacknathanhealth.com

Jack Nathan Medical Corp is a healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services, conveniently inside Walmart stores. The company generates the majority of its revenues from license fees, which are charged in exchange for the right to use its brand name and the licensed premises. Its geographical segments are Canada, which accounts for the vast majority of revenue; Mexico; and China.

Executives

George Barakat

10% Security Holder, Director

Jack Nathan Medical (TSXV:JNH) Headlines

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