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Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Debt-to-Equity : 0.79 (As of Mar. 2024)


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What is Meinian Onehealth Healthcare Holdings Co Debt-to-Equity?

Meinian Onehealth Healthcare Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,324 Mil. Meinian Onehealth Healthcare Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,520 Mil. Meinian Onehealth Healthcare Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,425 Mil. Meinian Onehealth Healthcare Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 0.79.

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 Meinian Onehealth Healthcare Holdings Co's Debt-to-Equity or its related term are showing as below:

SZSE:002044' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.73   Max: 1.17
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Meinian Onehealth Healthcare Holdings Co was 1.17. The lowest was 0.06. And the median was 0.73.

SZSE:002044's Debt-to-Equity is ranked worse than
65.04% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs SZSE:002044: 0.79

Meinian Onehealth Healthcare Holdings Co Debt-to-Equity Historical Data

The historical data trend for Meinian Onehealth Healthcare Holdings 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.

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Meinian Onehealth Healthcare Holdings Co Debt-to-Equity Chart

Meinian Onehealth Healthcare Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 1.11 0.74 0.72 0.73

Meinian Onehealth Healthcare Holdings Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.74 0.71 0.73 0.79

Competitive Comparison of Meinian Onehealth Healthcare Holdings Co's Debt-to-Equity

For the Medical Care Facilities subindustry, Meinian Onehealth Healthcare Holdings 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.


Meinian Onehealth Healthcare Holdings Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Meinian Onehealth Healthcare Holdings Co's Debt-to-Equity falls into.



Meinian Onehealth Healthcare Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meinian Onehealth Healthcare Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Meinian Onehealth Healthcare Holdings Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Meinian Onehealth Healthcare Holdings Co  (SZSE:002044) 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.


Meinian Onehealth Healthcare Holdings Co Debt-to-Equity Related Terms

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Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Business Description

Traded in Other Exchanges
N/A
Address
No. 218 Renmin East Road, Jiangsu Province, Nantong, CHN, 200072
Meinian Onehealth Healthcare Holdings Co Ltd is engaged in the provision of physical examination and medical services. The firm provides health consultation, and health assessment services among others.

Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Headlines

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