Al-Modawat Specialized Medical Co (SAU:9594) Debt-to-Equity : 0.09 (As of Jun. 2024)

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What is Al-Modawat Specialized Medical Co Debt-to-Equity?

Al-Modawat Specialized Medical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼3.52 Mil. Al-Modawat Specialized Medical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼3.66 Mil. Al-Modawat Specialized Medical Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼78.51 Mil. Al-Modawat Specialized Medical Co's debt to equity for the quarter that ended in Jun. 2024 was 0.09.

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 Al-Modawat Specialized Medical Co's Debt-to-Equity or its related term are showing as below:

SAU:9594' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.09
Current: 0.09

During the past 2 years, the highest Debt-to-Equity Ratio of Al-Modawat Specialized Medical Co was 0.09. The lowest was 0.07. And the median was 0.09.

SAU:9594's Debt-to-Equity is ranked better than
80.39% of 561 companies
in the Healthcare Providers & Services industry
Industry Median: 0.44 vs SAU:9594: 0.09

Al-Modawat Specialized Medical Co Debt-to-Equity Historical Data

The historical data trend for Al-Modawat Specialized Medical 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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Al-Modawat Specialized Medical Co Debt-to-Equity Chart

Al-Modawat Specialized Medical Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.09

0.07

Al-Modawat Specialized Medical Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	0.09	N/A	0.07	0.09

Competitive Comparison of Al-Modawat Specialized Medical Co's Debt-to-Equity

For the Medical Care Facilities subindustry, Al-Modawat Specialized Medical 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.

Al-Modawat Specialized Medical Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Al-Modawat Specialized Medical Co's Debt-to-Equity falls into.

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Al-Modawat Specialized Medical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al-Modawat Specialized Medical 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
	=	(0.848	+	1.925)	/	39.251
	=	0.07

Al-Modawat Specialized Medical Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(3.521	+	3.663)	/	78.513
	=	0.09

Al-Modawat Specialized Medical Co (SAU:9594) 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.

Al-Modawat Specialized Medical Co Debt-to-Equity Related Terms

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Al-Modawat Specialized Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Modawat Specialized Medical Co (SAU:9594) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kingdom of Saudi Arabia, P.O. Box 176, Muhayil, SAU

Website

https://www.almodawat.sa

Al-Modawat Specialized Medical Co is a company engaged in Pharmacy activities, drug warehouse activities, other activities for selling pharmaceutical, medical and cosmetic products and retail toiletries in specialized stores, public hospitals.

Al-Modawat Specialized Medical Co Headlines

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