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Eternity Healthcare (Eternity Healthcare) Debt-to-Equity : -3.14 (As of Jul. 2018)


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What is Eternity Healthcare Debt-to-Equity?

Eternity Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2018 was $0.00 Mil. Eternity Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2018 was $0.46 Mil. Eternity Healthcare's Total Stockholders Equity for the quarter that ended in Jul. 2018 was $-0.15 Mil. Eternity Healthcare's debt to equity for the quarter that ended in Jul. 2018 was -3.14.

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 Eternity Healthcare's Debt-to-Equity or its related term are showing as below:

ETAH's Debt-to-Equity is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Eternity Healthcare Debt-to-Equity Historical Data

The historical data trend for Eternity Healthcare'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.

Eternity Healthcare Debt-to-Equity Chart

Eternity Healthcare Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 18.68

Eternity Healthcare Quarterly Data
Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18
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 - - - 18.68 -3.14

Competitive Comparison of Eternity Healthcare's Debt-to-Equity

For the Medical Devices subindustry, Eternity Healthcare'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.

Eternity Healthcare's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Eternity Healthcare's Debt-to-Equity distribution charts can be found below:

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


Eternity Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eternity Healthcare's Debt to Equity Ratio for the fiscal year that ended in Apr. 2018 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
=(0.033 + 0.49) / 0.028
=18.68

Eternity Healthcare's Debt to Equity Ratio for the quarter that ended in Jul. 2018 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 + 0.455) / -0.145
=-3.14

* 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.

Eternity Healthcare  (GREY:ETAH) 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.

Eternity Healthcare Debt-to-Equity Related Terms

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Eternity Healthcare (Eternity Healthcare) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eternity Healthcare Inc (GREY:ETAH) » Definitions » Debt-to-Equity
Comparable Companies
WAR:GEN WAR:NST WAR:BMX NIMU XSAT:ALPH INOL WAR:SCP XSAT:MEDF XMCE:EEP XKLS:0155 XSAT:IDL B BZYR MDIT OSTO:ADDV A WAR:IGN MHTX ASX:LSH ASX:PAA XCNQ:BUX TSX:GEN
Traded in Other Exchanges
N/A
Address
18 Carnarvon Road, Flat/Room 1006 - 10th Floor, Hang Seng Tsim Sha Tsui Building, Tsim Sha TsuiI, Kowloon, Hong Kong, HKG
Website
http://www.eternityhealthcare.com
Eternity Healthcare Inc is a medical device company operating in the us. It focuses on manufacturing a needle-free injection system. The company emphasizes needle-free injection device technology for application in Diabetes, Pediatric Oncology, Multiple sclerosis, Multiple sclerosis, Anesthetics, Vaccine, Cardiovascular, and Migraine. The company adult stem cell storage is all located in North China, East China, and South China. The company targets market includes Guizhou, Yunan, Guangxi, Xinjiang, and Tibet.