ZCMD (ZHONGCHAO) Debt-to-Equity : 0.04 (As of Jun. 2024)

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What is ZHONGCHAO Debt-to-Equity?

ZHONGCHAO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.22 Mil. ZHONGCHAO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.52 Mil. ZHONGCHAO's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $17.67 Mil. ZHONGCHAO's debt to equity for the quarter that ended in Jun. 2024 was 0.04.

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

ZCMD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.06
Current: 0.04

During the past 7 years, the highest Debt-to-Equity Ratio of ZHONGCHAO was 0.06. The lowest was 0.00. And the median was 0.04.

ZCMD's Debt-to-Equity is ranked better than
90.04% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.465 vs ZCMD: 0.04

ZHONGCHAO Debt-to-Equity Historical Data

The historical data trend for ZHONGCHAO'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.

ZHONGCHAO Debt-to-Equity Chart

ZHONGCHAO Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.06

0.05

ZHONGCHAO Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial									0.06	0.06	0.06	0.05	0.04

Competitive Comparison of ZHONGCHAO's Debt-to-Equity

For the Health Information Services subindustry, ZHONGCHAO'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.

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

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

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

ZHONGCHAO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZHONGCHAO'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
	=	(0.236	+	0.572)	/	18.007
	=	0.04

ZHONGCHAO's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.216	+	0.519)	/	17.666
	=	0.04

ZHONGCHAO (NAS:ZCMD) 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.

ZHONGCHAO Debt-to-Equity Related Terms

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ZHONGCHAO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ZHONGCHAO Inc (NAS:ZCMD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

841 Yan’An Middle Road, Nanxi Creative Center, Suite 218, Jing’An District, Shanghai, CHN, 200040

Website

https://www.mdmooc.org

ZHONGCHAO Inc is a Cayman Islands-based provider of healthcare information, education, and training services. It provides services to healthcare professionals and the public in China. It offers online and onsite health information services, healthcare education programs, and healthcare training products, consisting of clinical practice training, open classes of popular medical topics, interactive case studies, academic conferences and workshops, continuing education courses, and articles and short videos with educational healthcare content.