Beijing Airdoc Technology Co (HKSE:02251) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Beijing Airdoc Technology Co Debt-to-Equity?

Beijing Airdoc Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9.4 Mil. Beijing Airdoc Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.8 Mil. Beijing Airdoc Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,684.8 Mil. Beijing Airdoc Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Beijing Airdoc Technology Co's Debt-to-Equity or its related term are showing as below:

HKSE:02251' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Beijing Airdoc Technology Co was 0.01. The lowest was 0.00. And the median was 0.01.

HKSE:02251's Debt-to-Equity is ranked better than
99.82% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs HKSE:02251: 0.01

Beijing Airdoc Technology Co Debt-to-Equity Historical Data

The historical data trend for Beijing Airdoc Technology Co'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.

Beijing Airdoc Technology Co Debt-to-Equity Chart

Beijing Airdoc Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

Beijing Airdoc Technology Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Beijing Airdoc Technology Co's Debt-to-Equity

For the Health Information Services subindustry, Beijing Airdoc Technology Co'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.

Beijing Airdoc Technology Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Beijing Airdoc Technology Co's Debt-to-Equity falls into.

Beijing Airdoc Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Airdoc Technology Co'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
	=	(9.431	+	0.823)	/	1684.838
	=	0.01

Beijing Airdoc Technology Co'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
	=	(9.431	+	0.823)	/	1684.838
	=	0.01

Beijing Airdoc Technology Co (HKSE:02251) 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.

Beijing Airdoc Technology Co Debt-to-Equity Related Terms

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Beijing Airdoc Technology Co (HKSE:02251) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Beijing Airdoc Technology Co Ltd (HKSE:02251) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Third Ring North Road, Room 21, 4th Floor, Building 2, A2 Yard, Haidian District, Beijing, CHN

Website

https://www.airdoc.com

Beijing Airdoc Technology Co Ltd provides AI-empowered retina-based early detection, diagnosis and health risk assessment solutions in China. Leveraging retinal imaging, multimodal data analyses and AI deep learning algorithms, the company's solution differs from traditional chronic disease early detection and diagnosis, enabling non-invasive, accurate, fast, effective and scalable detection and diagnosis of chronic diseases in both medical institutions and consumer healthcare providers. The Company derives revenue principally from the provision of AI-based software solutions, sales of hardware devices and other services.

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