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Chengdu Bright Eye Hospital Co (SZSE:301239) Debt-to-Equity : 0.83 (As of Mar. 2024)


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What is Chengdu Bright Eye Hospital Co Debt-to-Equity?

Chengdu Bright Eye Hospital Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥241 Mil. Chengdu Bright Eye Hospital Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,655 Mil. Chengdu Bright Eye Hospital Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,279 Mil. Chengdu Bright Eye Hospital Co's debt to equity for the quarter that ended in Mar. 2024 was 0.83.

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 Chengdu Bright Eye Hospital Co's Debt-to-Equity or its related term are showing as below:

SZSE:301239' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.69   Max: 1.26
Current: 0.83

During the past 7 years, the highest Debt-to-Equity Ratio of Chengdu Bright Eye Hospital Co was 1.26. The lowest was 0.01. And the median was 0.69.

SZSE:301239's Debt-to-Equity is ranked worse than
66.67% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs SZSE:301239: 0.83

Chengdu Bright Eye Hospital Co Debt-to-Equity Historical Data

The historical data trend for Chengdu Bright Eye Hospital 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.

* Premium members only.

Chengdu Bright Eye Hospital Co Debt-to-Equity Chart

Chengdu Bright Eye Hospital Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.03 1.10 1.15 0.62 0.81

Chengdu Bright Eye Hospital Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 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 0.66 0.69 0.83 0.81 0.83

Competitive Comparison of Chengdu Bright Eye Hospital Co's Debt-to-Equity

For the Medical Care Facilities subindustry, Chengdu Bright Eye Hospital 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.


Chengdu Bright Eye Hospital Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Chengdu Bright Eye Hospital Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chengdu Bright Eye Hospital Co's Debt-to-Equity falls into.



Chengdu Bright Eye Hospital Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chengdu Bright Eye Hospital Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Chengdu Bright Eye Hospital 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.


Chengdu Bright Eye Hospital Co  (SZSE:301239) 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.


Chengdu Bright Eye Hospital Co Debt-to-Equity Related Terms

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Chengdu Bright Eye Hospital Co (SZSE:301239) Business Description

Traded in Other Exchanges
N/A
Address
No. 215, North 4th Section, First Ring Road, Jinniu District, Sichuan Province, Chengdu, CHN, 610084
Chengdu Bright Eye Hospital Co Ltd is engaged in providing diagnosis, treatment, health care and medical optometry and other ophthalmic general medical services for patients with ophthalmic diseases.

Chengdu Bright Eye Hospital Co (SZSE:301239) Headlines

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