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Artemis Medicare Services (BOM:542919) Debt-to-Equity : 0.71 (As of Mar. 2024)


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What is Artemis Medicare Services Debt-to-Equity?

Artemis Medicare Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹340 Mil. Artemis Medicare Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,863 Mil. Artemis Medicare Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,484 Mil. Artemis Medicare Services's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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 Artemis Medicare Services's Debt-to-Equity or its related term are showing as below:

BOM:542919' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32   Med: 0.46   Max: 0.71
Current: 0.71

During the past 10 years, the highest Debt-to-Equity Ratio of Artemis Medicare Services was 0.71. The lowest was 0.32. And the median was 0.46.

BOM:542919's Debt-to-Equity is ranked worse than
61.31% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs BOM:542919: 0.71

Artemis Medicare Services Debt-to-Equity Historical Data

The historical data trend for Artemis Medicare Services'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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Artemis Medicare Services Debt-to-Equity Chart

Artemis Medicare Services Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.46 0.56 0.71 0.71

Artemis Medicare Services 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 0.71 N/A 0.77 N/A 0.71

Competitive Comparison of Artemis Medicare Services's Debt-to-Equity

For the Medical Care Facilities subindustry, Artemis Medicare Services'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.


Artemis Medicare Services's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Artemis Medicare Services's Debt-to-Equity falls into.



Artemis Medicare Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Artemis Medicare Services's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Artemis Medicare Services'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.


Artemis Medicare Services  (BOM:542919) 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.


Artemis Medicare Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Artemis Medicare Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Artemis Medicare Services (BOM:542919) Business Description

Traded in Other Exchanges
N/A
Address
Artemis Hospital, Sector 51, Gurugram, HR, IND, 122001
Artemis Medicare Services Ltd is engaged in managing and operating multi-specialty hospitals. The hospital provides treatments for Allergy and Immunology, Blood (Haematology), Bones, Muscles and Joints (Orthopaedics), Brain, Spine and Nervous System, Cancer (Oncology), Circulatory (Vascular), Digestive (Gastroenterology), Endocrine, Diabetes And Metabolism, Dermatology, Heart (Cardiology), Infectious Diseases, Kidneys (Renal), Lung (Pulmonary), Mouth, Teeth And Face (Oral And Maxillofacial), Obstetrics And Gynecology, Psychiatry, Rheumatology (Arthritis And Joint Disease), Surgery, and Urology. The group derives revenue primarily from offering healthcare services and has a business presence in India and Outside India.

Artemis Medicare Services (BOM:542919) Headlines

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