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Middle East Healthcare Co (SAU:4009) Debt-to-Asset : 0.28 (As of Mar. 2024)


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What is Middle East Healthcare Co Debt-to-Asset?

Middle East Healthcare Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼441 Mil. Middle East Healthcare Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼953 Mil. Middle East Healthcare Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ﷼4,980 Mil. Middle East Healthcare Co's debt to asset for the quarter that ended in Mar. 2024 was 0.28.


Middle East Healthcare Co Debt-to-Asset Historical Data

The historical data trend for Middle East Healthcare Co's Debt-to-Asset 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.

Middle East Healthcare Co Debt-to-Asset Chart

Middle East Healthcare Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.35 0.43 0.50 0.50 0.48

Middle East Healthcare Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset 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 0.47 0.48 0.49 0.48 0.28

Competitive Comparison of Middle East Healthcare Co's Debt-to-Asset

For the Medical Care Facilities subindustry, Middle East Healthcare Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.


Middle East Healthcare Co's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Middle East Healthcare Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Middle East Healthcare Co's Debt-to-Asset falls into.



Middle East Healthcare Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Middle East Healthcare Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(1129.192 + 1356.042) / 5173.15
=0.48

Middle East Healthcare Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(441.329 + 952.904) / 4979.766
=0.28

* 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.


Middle East Healthcare Co  (SAU:4009) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Middle East Healthcare Co Debt-to-Asset Related Terms

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Middle East Healthcare Co (SAU:4009) Business Description

Traded in Other Exchanges
N/A
Address
4, Batterjee Road, P.O.Box 2550, Al-Zahra District, Jeddah, SAU, 21461
Middle East Healthcare Co is a Saudi Arabia-based company engaged in the business of managing, operating and maintaining hospitals, medical centers, educational centers, rehabilitation centers, physiotherapy, laboratories and radiology centers, pharmacies, construction and to buy land for the purpose of constructing medical projects and to establish, manage and organize exhibitions for the company.

Middle East Healthcare Co (SAU:4009) Headlines

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