Medi Assist Healthcare Services (NSE:MEDIASSIST) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Medi Assist Healthcare Services Debt-to-Equity?

Medi Assist Healthcare Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹111 Mil. Medi Assist Healthcare Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹153 Mil. Medi Assist Healthcare Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,717 Mil. Medi Assist Healthcare Services's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Medi Assist Healthcare Services's Debt-to-Equity or its related term are showing as below:

NSE:MEDIASSIST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.12
Current: 0.06

During the past 4 years, the highest Debt-to-Equity Ratio of Medi Assist Healthcare Services was 0.12. The lowest was 0.06. And the median was 0.08.

NSE:MEDIASSIST's Debt-to-Equity is ranked better than
76.47% of 17 companies
in the Healthcare Plans industry
Industry Median: 0.53 vs NSE:MEDIASSIST: 0.06

Medi Assist Healthcare Services Debt-to-Equity Historical Data

The historical data trend for Medi Assist Healthcare Services'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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Medi Assist Healthcare Services Debt-to-Equity Chart

Medi Assist Healthcare Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.12

0.08

0.06

Medi Assist Healthcare Services Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.08	N/A	0.08	0.08	0.06

Competitive Comparison of Medi Assist Healthcare Services's Debt-to-Equity

For the Healthcare Plans subindustry, Medi Assist Healthcare Services'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.

Medi Assist Healthcare Services's Debt-to-Equity Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Debt-to-Equity falls into.

Medi Assist Healthcare Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Medi Assist Healthcare Services'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
	=	(110.65	+	152.66)	/	4717.42
	=	0.06

Medi Assist Healthcare Services's Debt to Equity Ratio for the quarter 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
	=	(110.65	+	152.66)	/	4717.42
	=	0.06

Medi Assist Healthcare Services (NSE:MEDIASSIST) 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.

Medi Assist Healthcare Services Debt-to-Equity Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

544088:India

Address

Website

Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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