DRI Healthcare Trust (TSX:DHT.U) Debt-to-Equity : 0.43 (As of Mar. 2024)

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What is DRI Healthcare Trust Debt-to-Equity?

DRI Healthcare Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. DRI Healthcare Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $237.0 Mil. DRI Healthcare Trust's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $551.7 Mil. DRI Healthcare Trust's debt to equity for the quarter that ended in Mar. 2024 was 0.43.

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 DRI Healthcare Trust's Debt-to-Equity or its related term are showing as below:

TSX:DHT.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.26 Max: 0.66
Current: 0.43

During the past 3 years, the highest Debt-to-Equity Ratio of DRI Healthcare Trust was 0.66. The lowest was 0.12. And the median was 0.26.

TSX:DHT.U's Debt-to-Equity is ranked worse than
60.12% of 845 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs TSX:DHT.U: 0.43

DRI Healthcare Trust Debt-to-Equity Historical Data

The historical data trend for DRI Healthcare Trust'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.

DRI Healthcare Trust Debt-to-Equity Chart

DRI Healthcare Trust Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.66

0.26

DRI Healthcare Trust Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.61	0.38	0.26	0.26	0.43

Competitive Comparison of DRI Healthcare Trust's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, DRI Healthcare Trust'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.

DRI Healthcare Trust's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, DRI Healthcare Trust's Debt-to-Equity distribution charts can be found below:

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

DRI Healthcare Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DRI Healthcare Trust'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	+	145.478)	/	561.497
	=	0.26

DRI Healthcare Trust'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
	=	(0	+	236.974)	/	551.707
	=	0.43

DRI Healthcare Trust (TSX:DHT.U) 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.

DRI Healthcare Trust Debt-to-Equity Related Terms

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DRI Healthcare Trust (TSX:DHT.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DRI Healthcare Trust (TSX:DHT.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DHTRF:USA DHT.UN:Canada

Address

100 King Street West, 1 First Canadian Place, Suite 7250, Toronto, ON, CAN, M5X 1B1

Website

https://www.dricapital.com

DRI Healthcare Trust is a pioneer in global pharmaceutical royalty monetization with a more than 30-year history of accelerating innovation by providing capital to inventors, academic institutions, and biopharma companies. In return for providing capital to biopharmaceutical innovators, the company is building a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world.

DRI Healthcare Trust (TSX:DHT.U) Headlines

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