Fortis Malar Hospitals (BOM:523696) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Fortis Malar Hospitals Debt-to-Equity?

Fortis Malar Hospitals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Fortis Malar Hospitals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Fortis Malar Hospitals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

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 Fortis Malar Hospitals's Debt-to-Equity or its related term are showing as below:

BOM:523696' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.67 Max: 0.72
Current: 0.72

During the past 13 years, the highest Debt-to-Equity Ratio of Fortis Malar Hospitals was 0.72. The lowest was 0.64. And the median was 0.67.

BOM:523696's Debt-to-Equity is ranked worse than
61.82% of 550 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs BOM:523696: 0.72

Fortis Malar Hospitals Debt-to-Equity Historical Data

The historical data trend for Fortis Malar Hospitals'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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Fortis Malar Hospitals Debt-to-Equity Chart

Fortis Malar Hospitals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.67

0.64

0.67

0.72

Fortis Malar Hospitals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.72	N/A	0.72	N/A

Competitive Comparison of Fortis Malar Hospitals's Debt-to-Equity

For the Medical Care Facilities subindustry, Fortis Malar Hospitals'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.

Fortis Malar Hospitals's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Fortis Malar Hospitals's Debt-to-Equity falls into.

Fortis Malar Hospitals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortis Malar Hospitals'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
	=	(82.162	+	381.814)	/	641.724
	=	0.72

Fortis Malar Hospitals's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	0
	=	N/A

Fortis Malar Hospitals (BOM:523696) 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.

Fortis Malar Hospitals Debt-to-Equity Related Terms

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Fortis Malar Hospitals (BOM:523696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fortis Malar Hospitals Ltd (BOM:523696) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Fortis Hospital, Sector 62, Phase VIII, Mohali, PB, IND, 160062

Website

https://www.fortismalar.com

Fortis Malar Hospitals Ltd is an India-based company engaged in the provision of healthcare services. It focuses on providing medical care in the areas of cardiology and cardiac surgery, neurosurgery, gynecology, orthopedics, gastroenterology, neurology, pediatrics, diabetics, nephrology, and internal medicine. The company provides healthcare services in various branches of medicine such as general surgery, general medicine, pediatrics, neurology, cardiology, ophthalmology, radiology, pathology, gastroenterology, urology, thoracic surgery, plastic surgery, and other allied specialties.

Fortis Malar Hospitals (BOM:523696) Headlines

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