Sonic Healthcare (ASX:SHL) Debt-to-Equity : 0.52 (As of Dec. 2023)

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What is Sonic Healthcare Debt-to-Equity?

Sonic Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$801 Mil. Sonic Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3,189 Mil. Sonic Healthcare's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7,712 Mil. Sonic Healthcare's debt to equity for the quarter that ended in Dec. 2023 was 0.52.

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

ASX:SHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.66 Max: 0.83
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Sonic Healthcare was 0.83. The lowest was 0.40. And the median was 0.66.

ASX:SHL's Debt-to-Equity is ranked worse than
66.5% of 197 companies
in the Medical Diagnostics & Research industry
Industry Median: 0.22 vs ASX:SHL: 0.52

Sonic Healthcare Debt-to-Equity Historical Data

The historical data trend for Sonic Healthcare'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.

Sonic Healthcare Debt-to-Equity Chart

Sonic Healthcare Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.56

0.83

0.51

0.41

0.40

Sonic Healthcare Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.41	0.41	0.40	0.52

Competitive Comparison of Sonic Healthcare's Debt-to-Equity

For the Diagnostics & Research subindustry, Sonic Healthcare'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.

Sonic Healthcare's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Sonic Healthcare's Debt-to-Equity distribution charts can be found below:

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

Sonic Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sonic Healthcare's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(346.791	+	2753.689)	/	7736.504
	=	0.40

Sonic Healthcare'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
	=	(800.745	+	3188.795)	/	7712.008
	=	0.52

Sonic Healthcare (ASX:SHL) 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.

Sonic Healthcare Debt-to-Equity Related Terms

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Sonic Healthcare (ASX:SHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Sonic Healthcare Ltd (ASX:SHL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SKHHY:USA SKHCF:USA SAB:Germany

Address

225 George Street, Level 22, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.sonichealthcare.com

Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the U.K., the second largest in Belgium and New Zealand and the third largest in the U.S. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 40% of group revenue in Australia and New Zealand, 25% in the U.S. and 35% in Europe.

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