Professional Medical Expertise Co (SAU:9574) Debt-to-Equity : 0.80 (As of Dec. 2022)

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What is Professional Medical Expertise Co Debt-to-Equity?

Professional Medical Expertise Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼56.7 Mil. Professional Medical Expertise Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼1.9 Mil. Professional Medical Expertise Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ﷼73.2 Mil. Professional Medical Expertise Co's debt to equity for the quarter that ended in Dec. 2022 was 0.80.

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 Professional Medical Expertise Co's Debt-to-Equity or its related term are showing as below:

SAU:9574' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.73 Max: 0.8
Current: 0.66

During the past 2 years, the highest Debt-to-Equity Ratio of Professional Medical Expertise Co was 0.80. The lowest was 0.66. And the median was 0.73.

SAU:9574's Debt-to-Equity is ranked worse than
79.97% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs SAU:9574: 0.66

Professional Medical Expertise Co Debt-to-Equity Historical Data

The historical data trend for Professional Medical Expertise Co'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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Professional Medical Expertise Co Debt-to-Equity Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.80

0.66

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Debt-to-Equity	0.80	0.66

Competitive Comparison of Professional Medical Expertise Co's Debt-to-Equity

For the Medical Devices subindustry, Professional Medical Expertise Co'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.

Professional Medical Expertise Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Professional Medical Expertise Co's Debt-to-Equity falls into.

Professional Medical Expertise Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Professional Medical Expertise Co's Debt to Equity Ratio for the fiscal year 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
	=	(61.781	+	2.576)	/	97.2
	=	0.66

Professional Medical Expertise Co's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(56.662	+	1.886)	/	73.19
	=	0.80

Professional Medical Expertise Co (SAU:9574) 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.

Professional Medical Expertise Co Debt-to-Equity Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

Professional Medical Expertise Co (SAU:9574) Headlines

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