Asiri Hospital Holdings (COL:ASIR.N0000) Debt-to-Equity : 0.94 (As of Dec. 2023)

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What is Asiri Hospital Holdings Debt-to-Equity?

Asiri Hospital Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු14,673 Mil. Asiri Hospital Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු3,909 Mil. Asiri Hospital Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු19,804 Mil. Asiri Hospital Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

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

COL:ASIR.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 1.42 Max: 1.82
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Asiri Hospital Holdings was 1.82. The lowest was 0.94. And the median was 1.42.

COL:ASIR.N0000's Debt-to-Equity is ranked worse than
70.33% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs COL:ASIR.N0000: 0.94

Asiri Hospital Holdings Debt-to-Equity Historical Data

The historical data trend for Asiri Hospital Holdings'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.

Asiri Hospital Holdings Debt-to-Equity Chart

Asiri Hospital Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.41

1.66

1.65

1.15

1.23

Asiri Hospital Holdings 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															1.55	1.23	1.12	1.04	0.94

Competitive Comparison of Asiri Hospital Holdings's Debt-to-Equity

For the Medical Care Facilities subindustry, Asiri Hospital Holdings'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.

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

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

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

Asiri Hospital Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asiri Hospital Holdings'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
	=	(16987.579	+	4715.756)	/	17717.191
	=	1.22

Asiri Hospital Holdings'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
	=	(14672.525	+	3909.26)	/	19804.157
	=	0.94

Asiri Hospital Holdings (COL:ASIR.N0000) 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.

Asiri Hospital Holdings Debt-to-Equity Related Terms

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

Asiri Hospital Holdings (COL:ASIR.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asiri Hospital Holdings PLC (COL:ASIR.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Kirimandala Mawatha, Colombo, LKA, 05

Website

https://www.asirihealth.com

Asiri Hospital Holdings PLC operates a hospital, provides healthcare services, and manages and holds investments in the healthcare industry. The company's hospitals provide services in the areas of diabetes, mother and baby care, psychology, radiology, general surgeries, chemotherapy, pediatrics, nuclear medicine, pain management, sleep study, and physiotherapy among others. It operates in three segments: Pre-care, Post-care, and Pharmaceutical. The company generates maximum revenue from the Post Care segment.

Asiri Hospital Holdings (COL:ASIR.N0000) Headlines

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