National Medical Care Co (SAU:4005) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is National Medical Care Co Debt-to-Equity?

National Medical Care Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼14 Mil. National Medical Care Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼310 Mil. National Medical Care Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,535 Mil. National Medical Care Co's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

SAU:4005' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.63
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of National Medical Care Co was 0.63. The lowest was 0.03. And the median was 0.10.

SAU:4005's Debt-to-Equity is ranked better than
67.4% of 549 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs SAU:4005: 0.21

National Medical Care Co Debt-to-Equity Historical Data

The historical data trend for National Medical Care 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.

* Premium members only.

National Medical Care Co Debt-to-Equity Chart

National Medical Care Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.09

0.08

0.07

0.23

National Medical Care 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-Equity	Get a 7-Day Free Trial															0.06	0.09	0.08	0.23	0.21

Competitive Comparison of National Medical Care Co's Debt-to-Equity

For the Medical Care Facilities subindustry, National Medical Care 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.

National Medical Care Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, National Medical Care Co's Debt-to-Equity distribution charts can be found below:

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

National Medical Care Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Medical Care 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
	=	(15.02	+	315.227)	/	1453.436
	=	0.23

National Medical Care Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(14.186	+	310.216)	/	1534.724
	=	0.21

National Medical Care Co (SAU:4005) 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.

National Medical Care Co Debt-to-Equity Related Terms

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National Medical Care Co (SAU:4005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » National Medical Care Co (SAU:4005) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Imam Ahmad Ibn hanbal Street, P.O. Box 29393, Arrayyan District, Riyadh, SAU, 11457

Website

https://care.med.sa

National Medical Care Co owns, operates and manages hospitals, namely Riyadh Care Hospital and National Hospital in Saudi Arabia. It also engages in wholesale and retail trade in medicines, medical equipment, and supplies. Geographically, all operations are conducted in the Kingdom of Saudi Arabia. It generates revenue in the form of Rendering of clinical services, and the Sale of medicine.

National Medical Care Co (SAU:4005) Headlines

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