Lotus Eye Hospital & Institute (BOM:532998) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Lotus Eye Hospital & Institute Debt-to-Equity?

Lotus Eye Hospital & Institute's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Lotus Eye Hospital & Institute's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Lotus Eye Hospital & Institute's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

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 Lotus Eye Hospital & Institute's Debt-to-Equity or its related term are showing as below:

BOM:532998' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Lotus Eye Hospital & Institute was 0.02. The lowest was 0.00. And the median was 0.01.

BOM:532998's Debt-to-Equity is ranked better than
99.82% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs BOM:532998: 0.01

Lotus Eye Hospital & Institute Debt-to-Equity Historical Data

The historical data trend for Lotus Eye Hospital & Institute'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.

Lotus Eye Hospital & Institute Debt-to-Equity Chart

Lotus Eye Hospital & Institute Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.02

0.01

Lotus Eye Hospital & Institute Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.01	N/A	0.01	N/A

Competitive Comparison of Lotus Eye Hospital & Institute's Debt-to-Equity

For the Medical Care Facilities subindustry, Lotus Eye Hospital & Institute'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.

Lotus Eye Hospital & Institute's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Lotus Eye Hospital & Institute's Debt-to-Equity falls into.

Lotus Eye Hospital & Institute Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lotus Eye Hospital & Institute's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4.783	+	1.921)	/	575.794
	=	0.01

Lotus Eye Hospital & Institute'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	+	0)	/	0
	=	N/A

Lotus Eye Hospital & Institute (BOM:532998) 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.

Lotus Eye Hospital & Institute Debt-to-Equity Related Terms

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Lotus Eye Hospital & Institute (BOM:532998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lotus Eye Hospital & Institute Ltd (BOM:532998) » Definitions » Debt-to-Equity

Traded in Other Exchanges

LOTUSEYE:India

Address

SF No. 770/12, Avinashi Road, Civil Aerodrome Post, Coimbatore, TN, IND, 641 014

Website

https://www.lotuseye.org

Lotus Eye Hospital & Institute Ltd is an India-based eye care hospital. It is engaged in providing treatment and care for eye diseases and disorders. It offers treatment services for eye conditions like refractive error, retina and uvea, cornea, glaucoma, pediatric, orbit and oculoplasty, neuro-ophthalmology, and binocular vision. In addition, the company also operates an eye bank for functioning eye donation activities. The company mainly operates in India and generates revenue by providing medical services, pharmacy sales, and contact lens, and optical, of which the majority of the revenue is derived from providing segmmedical services.

Lotus Eye Hospital & Institute (BOM:532998) Headlines

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