UDOCF (UniDoc Health) Debt-to-Equity : 0.01 (As of Dec. 2024)

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What is UniDoc Health Debt-to-Equity?

UniDoc Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. UniDoc Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.01 Mil. UniDoc Health's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $1.12 Mil. UniDoc Health's debt to equity for the quarter that ended in Dec. 2024 was 0.01.

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

UDOCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.46 Med: -0.06 Max: 1.64
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of UniDoc Health was 1.64. The lowest was -1.46. And the median was -0.06.

UDOCF's Debt-to-Equity is ranked better than
99.82% of 562 companies
in the Healthcare Providers & Services industry
Industry Median: 0.44 vs UDOCF: 0.01

UniDoc Health Debt-to-Equity Historical Data

The historical data trend for UniDoc Health'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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UniDoc Health Debt-to-Equity Chart

UniDoc Health Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

-1.46

0.18

-0.11

-0.04

UniDoc Health Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial											-0.06	-0.04	-0.04	-0.02	0.01

Competitive Comparison of UniDoc Health's Debt-to-Equity

For the Health Information Services subindustry, UniDoc Health'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.

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

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

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

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UniDoc Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

UniDoc Health's Debt to Equity Ratio for the fiscal year 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
	=	(0.045	+	0.01)	/	-1.376
	=	-0.04

UniDoc Health's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.004	+	0.01)	/	1.117
	=	0.01

UniDoc Health (OTCPK:UDOCF) 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.

UniDoc Health Debt-to-Equity Related Terms

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UniDoc Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » UniDoc Health Corp (OTCPK:UDOCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

L7T:Germany UDOC:Canada

Address

220-333 Terminal Avenue, Vancouver, BC, CAN, V6A 4C1

Website

https://www.unidoctor.com

UniDoc Health Corp operates in the healthcare services industry and plans to operate telehealth units which contain fully integrated diagnostic tools and will provide patients with the ability to have a live virtual visit with a doctor or other health professional. The company operates in USA, Canada and United Arab Emirates.