Sangani Hospitals (NSE:SANGANI) Debt-to-Equity : 0.01 (As of Mar. 2023)

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What is Sangani Hospitals Debt-to-Equity?

Sangani Hospitals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹0.0 Mil. Sangani Hospitals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹1.0 Mil. Sangani Hospitals's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹179.7 Mil. Sangani Hospitals's debt to equity for the quarter that ended in Mar. 2023 was 0.01.

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

NSE:SANGANI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.21
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Sangani Hospitals was 0.21. The lowest was 0.01. And the median was 0.12.

NSE:SANGANI's Debt-to-Equity is ranked better than
99.82% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs NSE:SANGANI: 0.01

Sangani Hospitals Debt-to-Equity Historical Data

The historical data trend for Sangani 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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Sangani Hospitals Debt-to-Equity Chart

Sangani Hospitals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.19

0.21

0.05

0.01

Sangani Hospitals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Debt-to-Equity	0.19	0.21	0.05	0.01

Competitive Comparison of Sangani Hospitals's Debt-to-Equity

For the Medical Care Facilities subindustry, Sangani 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.

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

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

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

Sangani Hospitals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sangani 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
	=	(0	+	1.008)	/	179.729
	=	0.01

Sangani Hospitals's Debt to Equity Ratio for the quarter 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
	=	(0	+	1.008)	/	179.729
	=	0.01

Sangani Hospitals (NSE:SANGANI) 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.

Sangani Hospitals Debt-to-Equity Related Terms

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Sangani Hospitals (NSE:SANGANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sangani Hospitals Ltd (NSE:SANGANI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sainath Society, Opp. S. T, Village Keshod, Junagadh, GJ, IND, 362220

Website

https://www.sanganihospitals.com

Sangani Hospitals Ltd is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds. Its services predominantly includes super specialty services, specialty services and other support services. It also operates a pathology laboratory and medical store. Currently, It operates out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat. Sangani Hospital is 36 beds multi-specialty hospital with primary, secondary and tertiary care facilities.

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