Canadian Medical Center Co (SAU:9518) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Canadian Medical Center Co Debt-to-Equity?

Canadian Medical Center Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.1 Mil. Canadian Medical Center Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.5 Mil. Canadian Medical Center Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼91.8 Mil. Canadian Medical Center Co's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

SAU:9518' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.11
Current: 0.05

During the past 4 years, the highest Debt-to-Equity Ratio of Canadian Medical Center Co was 0.11. The lowest was 0.05. And the median was 0.07.

SAU:9518's Debt-to-Equity is ranked better than
88.34% of 549 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs SAU:9518: 0.05

Canadian Medical Center Co Debt-to-Equity Historical Data

The historical data trend for Canadian Medical Center 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.

Canadian Medical Center Co Debt-to-Equity Chart

Canadian Medical Center Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.11

0.08

0.06

0.05

Canadian Medical Center Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.08	0.06	0.06	0.05	0.05

Competitive Comparison of Canadian Medical Center Co's Debt-to-Equity

For the Medical Care Facilities subindustry, Canadian Medical Center 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.

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

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

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

Canadian Medical Center Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Medical Center 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
	=	(1.064	+	3.51)	/	91.829
	=	0.05

Canadian Medical Center Co's Debt to Equity Ratio for the quarter 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
	=	(1.064	+	3.51)	/	91.829
	=	0.05

Canadian Medical Center Co (SAU:9518) 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.

Canadian Medical Center Co Debt-to-Equity Related Terms

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Canadian Medical Center Co (SAU:9518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Canadian Medical Center Co (SAU:9518) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khobar - Abqaiq, Dammam, SAU

Website

https://sa.canadian-mc.com

Canadian Medical Center Co is engaged in providing medical services. Activities of the company are management of hospitals and health centers and trade in hospital tools and equipment and ambulances. It has one sector which is the activity of medical services, and geographically only operates in the Kingdom of Saudi Arabia.

Canadian Medical Center Co (SAU:9518) Headlines

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