Fortis Healthcare (BOM:532843) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Fortis Healthcare Debt-to-Equity?

Fortis Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Fortis Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Fortis Healthcare's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹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 Fortis Healthcare's Debt-to-Equity or its related term are showing as below:

BOM:532843' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.28 Max: 0.48
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Fortis Healthcare was 0.48. The lowest was 0.13. And the median was 0.28.

BOM:532843's Debt-to-Equity is ranked better than
72.91% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs BOM:532843: 0.14

Fortis Healthcare Debt-to-Equity Historical Data

The historical data trend for Fortis 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.

Fortis Healthcare Debt-to-Equity Chart

Fortis Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.24

0.25

0.20

0.13

Fortis Healthcare 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	0.13	N/A	0.14	N/A

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

For the Medical Care Facilities subindustry, Fortis 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.

Fortis Healthcare's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Fortis Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortis Healthcare'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
	=	(1708.686	+	7548.529)	/	72422.624
	=	0.13

Fortis 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
	=	(0	+	0)	/	0
	=	N/A

Fortis Healthcare (BOM:532843) 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.

Fortis Healthcare Debt-to-Equity Related Terms

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

Fortis Healthcare (BOM:532843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fortis Healthcare Ltd (BOM:532843) » Definitions » Debt-to-Equity

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FORTIS:India

Address

Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001

Website

https://www.fortishealthcare.com

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

Fortis Healthcare (BOM:532843) Headlines

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