Oceania Healthcare (NZSE:OCA) Debt-to-Equity : 0.61 (As of Sep. 2023)

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What is Oceania Healthcare Debt-to-Equity?

Oceania Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$0.0 Mil. Oceania Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$623.1 Mil. Oceania Healthcare's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$1,017.3 Mil. Oceania Healthcare's debt to equity for the quarter that ended in Sep. 2023 was 0.61.

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

NZSE:OCA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.44 Max: 0.61
Current: 0.61

During the past 6 years, the highest Debt-to-Equity Ratio of Oceania Healthcare was 0.61. The lowest was 0.20. And the median was 0.44.

NZSE:OCA's Debt-to-Equity is ranked worse than
55.9% of 551 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs NZSE:OCA: 0.61

Oceania Healthcare Debt-to-Equity Historical Data

The historical data trend for Oceania 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.

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Oceania Healthcare Debt-to-Equity Chart

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Debt-to-Equity

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0.32

0.44

0.57

0.41

0.58

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.40	0.41	0.53	0.58	0.61

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

For the Medical Care Facilities subindustry, Oceania 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.

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

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

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

Oceania Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oceania 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
	=	(0	+	558.387)	/	962.26
	=	0.58

Oceania Healthcare'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
	=	(0	+	623.091)	/	1017.313
	=	0.61

Oceania Healthcare (NZSE:OCA) 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.

Oceania Healthcare Debt-to-Equity Related Terms

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Oceania Healthcare (NZSE:OCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

OCA:Australia

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.