Aashka Hospitals (BOM:543346) Debt-to-Equity : 0.27 (As of Sep. 2023)

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What is Aashka Hospitals Debt-to-Equity?

Aashka Hospitals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹131.3 Mil. Aashka Hospitals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹119.0 Mil. Aashka Hospitals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹943.4 Mil. Aashka Hospitals's debt to equity for the quarter that ended in Sep. 2023 was 0.27.

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 Aashka Hospitals's Debt-to-Equity or its related term are showing as below:

BOM:543346' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.31 Max: 2.15
Current: 0.27

During the past 4 years, the highest Debt-to-Equity Ratio of Aashka Hospitals was 2.15. The lowest was 0.11. And the median was 0.31.

BOM:543346's Debt-to-Equity is ranked better than
62.18% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs BOM:543346: 0.27

Aashka Hospitals Debt-to-Equity Historical Data

The historical data trend for Aashka Hospitals'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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Aashka Hospitals Debt-to-Equity Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

2.15

1.28

0.95

0.29

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			0.95	0.11	0.29	0.31	0.27

Competitive Comparison of Aashka Hospitals's Debt-to-Equity

For the Medical Care Facilities subindustry, Aashka Hospitals'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.

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

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

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

Aashka Hospitals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aashka Hospitals's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(114.394	+	167.737)	/	965.646
	=	0.29

Aashka Hospitals's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(131.307	+	119.033)	/	943.41
	=	0.27

Aashka Hospitals (BOM:543346) 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.

Aashka Hospitals Debt-to-Equity Related Terms

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Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

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