Medicure (TSXV:MPH) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Medicure Debt-to-Equity?

Medicure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.32 Mil. Medicure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.23 Mil. Medicure's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$19.90 Mil. Medicure's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TSXV:MPH' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.83 Med: 0.05 Max: 2.01
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Medicure was 2.01. The lowest was -0.83. And the median was 0.05.

TSXV:MPH's Debt-to-Equity is ranked better than
89.19% of 851 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs TSXV:MPH: 0.03

Medicure Debt-to-Equity Historical Data

The historical data trend for Medicure'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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Medicure Debt-to-Equity Chart

Medicure Annual Data

Trend

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.08

0.06

0.04

0.03

Medicure Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.04	0.04	0.03	0.03

Competitive Comparison of Medicure's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Medicure'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.

Medicure's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Medicure's Debt-to-Equity distribution charts can be found below:

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

Medicure Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Medicure'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
	=	(0.315	+	0.229)	/	19.896
	=	0.03

Medicure'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
	=	(0.315	+	0.229)	/	19.896
	=	0.03

Medicure (TSXV:MPH) 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.

Medicure Debt-to-Equity Related Terms

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

Medicure (TSXV:MPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medicure Inc (TSXV:MPH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCUJF:USA NGQ1:Germany

Address

2 - 1250 Waverley Street, Winnipeg, MB, CAN, R3T 6C6

Website

https://www.medicure.com

Medicure Inc is a biopharmaceutical company. It is involved in the research, clinical development, and commercialization of human therapeutics for the United States hospital market. Further, it also operates a specialty pharmacy in the United States of America. The company's present focus is the sale and marketing of its cardiovascular products, AGGRASTAT, ZYPITAMAG, and developing its e-commerce and mail order pharmaceutical business. The company operates in two segments namely, Marketing and distribution of commercial products and, Retail and mail order pharmacy. The majority of the company's revenue is generated from the marketing and distribution of the commercial products segment.

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