Asarfi Hospital (BOM:543943) Debt-to-Equity : 0.47 (As of Sep. 2023)

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What is Asarfi Hospital Debt-to-Equity?

Asarfi Hospital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹104.9 Mil. Asarfi Hospital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹215.2 Mil. Asarfi Hospital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹676.9 Mil. Asarfi Hospital's debt to equity for the quarter that ended in Sep. 2023 was 0.47.

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 Asarfi Hospital's Debt-to-Equity or its related term are showing as below:

BOM:543943' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.45 Max: 0.51
Current: 0.47

During the past 3 years, the highest Debt-to-Equity Ratio of Asarfi Hospital was 0.51. The lowest was 0.41. And the median was 0.45.

BOM:543943's Debt-to-Equity is ranked better than
50.73% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs BOM:543943: 0.47

Asarfi Hospital Debt-to-Equity Historical Data

The historical data trend for Asarfi Hospital'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.

Asarfi Hospital Debt-to-Equity Chart

Asarfi Hospital Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.42

0.51

0.41

Asarfi Hospital Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	0.42	0.51	N/A	0.41	0.47

Competitive Comparison of Asarfi Hospital's Debt-to-Equity

For the Medical Care Facilities subindustry, Asarfi Hospital'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.

Asarfi Hospital's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Asarfi Hospital's Debt-to-Equity falls into.

Asarfi Hospital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asarfi Hospital'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
	=	(64.144	+	107.876)	/	418.426
	=	0.41

Asarfi Hospital'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
	=	(104.883	+	215.246)	/	676.907
	=	0.47

Asarfi Hospital (BOM:543943) 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.

Asarfi Hospital Debt-to-Equity Related Terms

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Asarfi Hospital (BOM:543943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asarfi Hospital Ltd (BOM:543943) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Bishunpur Polytechnic, Baramuri, 4th floor, Dhanbad, JH, IND, 828130

Website

https://www.asarfihospital.com

Asarfi Hospital Ltd provides healthcare facilities to the people of Jharkhand. It is a is a 250 bedded multi-specialty hospital offering healthcare facilities. The company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.

Asarfi Hospital (BOM:543943) Headlines

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