Spire Healthcare Group (CHIX:SPIL) Equity-to-Asset : 0.32 (As of Jun. 2024)

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What is Spire Healthcare Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spire Healthcare Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £740 Mil. Spire Healthcare Group's Total Assets for the quarter that ended in Jun. 2024 was £2,303 Mil. Therefore, Spire Healthcare Group's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.32.

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

CHIX:SPIl' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.42 Max: 0.6
Current: 0.32

During the past 13 years, the highest Equity to Asset Ratio of Spire Healthcare Group was 0.60. The lowest was 0.32. And the median was 0.42.

CHIX:SPIl's Equity-to-Asset is ranked worse than
69.43% of 687 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs CHIX:SPIl: 0.32

Spire Healthcare Group Equity-to-Asset Historical Data

The historical data trend for Spire Healthcare Group'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.

Spire Healthcare Group Equity-to-Asset Chart

Spire Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.41

0.34

0.32

0.34

0.32

Spire Healthcare Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial															0.33	0.34	0.33	0.32	0.32

Competitive Comparison of Spire Healthcare Group's Equity-to-Asset

For the Medical Care Facilities subindustry, Spire Healthcare Group'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.

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

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

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

Spire Healthcare Group 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.

Spire Healthcare Group'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
	=	739.9	/	2288.1
	=	0.32

Spire Healthcare Group's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	740.1	/	2303.1
	=	0.32

Spire Healthcare Group (CHIX:SPIl) 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%.

Spire Healthcare Group Equity-to-Asset Related Terms

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

Spire Healthcare Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Spire Healthcare Group PLC (CHIX:SPIl) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

SPI:UK S00:Germany

Address

3 Dorset Rise, London, GBR, EC4Y 8EN

Website

https://www.spirehealthcare.com

Spire Healthcare Group PLC is an independent hospital group in the United Kingdom, with 40 private hospitals and eight clinics. It is a private provider, by volume, of knee and hip operations in the United Kingdom. The Group is a well-located and scalable hospital that has delivered successful and award-winning clinical outcomes, positioning the Group well with patients, Consultants, the NHS, GPs, and Private Medical Insurance providers. It treats patients through a variety of routes including PMI, Self-pay and the NHS, providing the Group with diversified access to the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of NHS budget constraints and increasing demand from a growing population with longer life expectancy.

Spire Healthcare Group Headlines

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