Econ Healthcare (Asia) (SGX:EHG) Debt-to-Equity : 0.96 (As of Sep. 2023)

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What is Econ Healthcare (Asia) Debt-to-Equity?

Econ Healthcare (Asia)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$8.58 Mil. Econ Healthcare (Asia)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$28.73 Mil. Econ Healthcare (Asia)'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was S$38.80 Mil. Econ Healthcare (Asia)'s debt to equity for the quarter that ended in Sep. 2023 was 0.96.

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 Econ Healthcare (Asia)'s Debt-to-Equity or its related term are showing as below:

SGX:EHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.91 Med: 1.49 Max: 704.29
Current: 0.96

During the past 7 years, the highest Debt-to-Equity Ratio of Econ Healthcare (Asia) was 704.29. The lowest was 0.91. And the median was 1.49.

SGX:EHG's Debt-to-Equity is ranked worse than
70.11% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs SGX:EHG: 0.96

Econ Healthcare (Asia) Debt-to-Equity Historical Data

The historical data trend for Econ Healthcare (Asia)'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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Econ Healthcare (Asia) Debt-to-Equity Chart

Econ Healthcare (Asia) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.81

2.08

1.58

1.40

1.22

Econ Healthcare (Asia) Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.91	1.40	1.40	1.22	0.96

Competitive Comparison of Econ Healthcare (Asia)'s Debt-to-Equity

For the Medical Care Facilities subindustry, Econ Healthcare (Asia)'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.

Econ Healthcare (Asia)'s Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Econ Healthcare (Asia)'s Debt-to-Equity falls into.

Econ Healthcare (Asia) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Econ Healthcare (Asia)'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
	=	(10.055	+	37.341)	/	38.758
	=	1.22

Econ Healthcare (Asia)'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
	=	(8.576	+	28.726)	/	38.798
	=	0.96

Econ Healthcare (Asia) (SGX:EHG) 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.

Econ Healthcare (Asia) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Econ Healthcare (Asia)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Econ Healthcare (Asia) (SGX:EHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econ Healthcare (Asia) Ltd (SGX:EHG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Changi Road, No. 05-01-13, Hexacube, Singapore, SGP, 419728

Website

https://www.econhealthcare.com

Econ Healthcare (Asia) Ltd is a private nursing home operator in Singapore and Malaysia. The operating business segments are Medicare Centres and Nursing Homes and Other Operations and Ancillary Services. The company derives maximum revenue from the provision of medicare centres and the nursing home segment. Geographically it derives a majority of its revenue from Singapore.

Econ Healthcare (Asia) (SGX:EHG) Headlines

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