MediNet Group (HKSE:08161) Debt-to-Equity : 1.80 (As of Sep. 2023)

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What is MediNet Group Debt-to-Equity?

MediNet Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$14.3 Mil. MediNet Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.7 Mil. MediNet Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$9.4 Mil. MediNet Group's debt to equity for the quarter that ended in Sep. 2023 was 1.80.

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 MediNet Group's Debt-to-Equity or its related term are showing as below:

HKSE:08161' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.35 Max: 1.8
Current: 1.8

During the past 10 years, the highest Debt-to-Equity Ratio of MediNet Group was 1.80. The lowest was 0.27. And the median was 0.35.

HKSE:08161's Debt-to-Equity is ranked worse than
85.82% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs HKSE:08161: 1.80

MediNet Group Debt-to-Equity Historical Data

The historical data trend for MediNet Group'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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MediNet Group Debt-to-Equity Chart

MediNet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.33

0.35

0.84

MediNet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	N/A	0.84	N/A	1.80

Competitive Comparison of MediNet Group's Debt-to-Equity

For the Medical Care Facilities subindustry, MediNet Group'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.

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

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

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

MediNet Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MediNet Group'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
	=	(6.49	+	3.333)	/	11.758
	=	0.84

MediNet Group'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
	=	(14.272	+	2.69)	/	9.44
	=	1.80

MediNet Group (HKSE:08161) 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.

MediNet Group Debt-to-Equity Related Terms

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MediNet Group (HKSE:08161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediNet Group Ltd (HKSE:08161) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Whitfield Road, Causeway Bay, Unit 3601, 36th Floor, Citicorp Centre, Hong Kong, HKG

Website

http://www.medinetgroup.com

MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes Dental business and Medical business. The Dental segment offer dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provide outpatient general services and men's health treatments services. It offers services to both plan members and self-paid patient. The company generates revenue by providing Dental business.

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