Patrangsit Healthcare Group PCL (BKK:PHG) Equity-to-Asset : 0.84 (As of Mar. 2024)

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What is Patrangsit Healthcare Group PCL Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Patrangsit Healthcare Group PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿2,029 Mil. Patrangsit Healthcare Group PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿2,403 Mil. Therefore, Patrangsit Healthcare Group PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.84.

The historical rank and industry rank for Patrangsit Healthcare Group PCL's Equity-to-Asset or its related term are showing as below:

BKK:PHG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.72 Max: 0.84
Current: 0.84

During the past 3 years, the highest Equity to Asset Ratio of Patrangsit Healthcare Group PCL was 0.84. The lowest was 0.52. And the median was 0.72.

BKK:PHG's Equity-to-Asset is ranked better than
90.74% of 680 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs BKK:PHG: 0.84

Patrangsit Healthcare Group PCL Equity-to-Asset Historical Data

The historical data trend for Patrangsit Healthcare Group PCL's Equity-to-Asset 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.

Patrangsit Healthcare Group PCL Equity-to-Asset Chart

Patrangsit Healthcare Group PCL Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.52

0.60

0.83

Patrangsit Healthcare Group PCL Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial			0.60	0.62	0.82	0.83	0.84

Competitive Comparison of Patrangsit Healthcare Group PCL's Equity-to-Asset

For the Medical Care Facilities subindustry, Patrangsit Healthcare Group PCL's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Patrangsit Healthcare Group PCL's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Patrangsit Healthcare Group PCL's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Patrangsit Healthcare Group PCL's Equity-to-Asset falls into.

Patrangsit Healthcare Group PCL Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Patrangsit Healthcare Group PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1962.766	/	2362.605
	=	0.83

Patrangsit Healthcare Group PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	2029.318	/	2403.037
	=	0.84

Patrangsit Healthcare Group PCL (BKK:PHG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Patrangsit Healthcare Group PCL Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Patrangsit Healthcare Group PCL's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Patrangsit Healthcare Group PCL (BKK:PHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patrangsit Healthcare Group PCL (BKK:PHG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phaholyothin Road, 733/345 and 733/346 Moo 8, Khu Khot, Lam Luk Ka, Pathum Thani, Bangkok, THA, 12130

Website

https://www.patrangsit.com

Patrangsit Healthcare Group PCL is engaged in the hospital business. It is a medical provider with a team of skilled medical professionals. The company expanded the hospital and area By establishing more hospitals in the network, totaling 3 hospitals, consisting of Phaet Rangsit Hospital, Phaet Rangsit 2 Hospital, and Rangsit Maternal and Child Specialist Hospital To be able to cover a variety of specialized medical services.