Radius Residential Care (NZSE:RAD) Debt-to-Equity : 2.96 (As of Sep. 2023)

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What is Radius Residential Care Debt-to-Equity?

Radius Residential Care's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$36.9 Mil. Radius Residential Care's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$183.2 Mil. Radius Residential Care's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$74.3 Mil. Radius Residential Care's debt to equity for the quarter that ended in Sep. 2023 was 2.96.

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 Radius Residential Care's Debt-to-Equity or its related term are showing as below:

NZSE:RAD' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.33 Med: 2.93 Max: 8.78
Current: 2.96

During the past 4 years, the highest Debt-to-Equity Ratio of Radius Residential Care was 8.78. The lowest was 2.33. And the median was 2.93.

NZSE:RAD's Debt-to-Equity is ranked worse than
92.52% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs NZSE:RAD: 2.96

Radius Residential Care Debt-to-Equity Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Debt-to-Equity Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

10.42

8.78

2.46

3.05

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			2.33	2.46	2.89	3.05	2.96

Competitive Comparison of Radius Residential Care's Debt-to-Equity

For the Medical Care Facilities subindustry, Radius Residential Care'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.

Radius Residential Care's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Radius Residential Care's Debt-to-Equity falls into.

Radius Residential Care Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Radius Residential Care'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
	=	(100.581	+	121.53)	/	72.864
	=	3.05

Radius Residential Care'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
	=	(36.946	+	183.195)	/	74.289
	=	2.96

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care Debt-to-Equity Related Terms

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Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

Radius Residential Care (NZSE:RAD) Headlines

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