Qomel Co (SAU:9600) Debt-to-Equity : 0.45 (As of Jun. 2024)

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What is Qomel Co Debt-to-Equity?

Qomel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼20.24 Mil. Qomel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0.20 Mil. Qomel Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼45.50 Mil. Qomel Co's debt to equity for the quarter that ended in Jun. 2024 was 0.45.

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

SAU:9600' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.45 Max: 0.45
Current: 0.45

During the past 0 years, the highest Debt-to-Equity Ratio of Qomel Co was 0.45. The lowest was 0.45. And the median was 0.45.

SAU:9600's Debt-to-Equity is ranked better than
50.18% of 556 companies
in the Healthcare Providers & Services industry
Industry Median: 0.45 vs SAU:9600: 0.45

Qomel Co Debt-to-Equity Historical Data

The historical data trend for Qomel 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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Qomel Co Debt-to-Equity Chart

Qomel Co Annual Data

Trend

Debt-to-Equity

Qomel Co Semi-Annual Data
	Jun23	Jun24
Debt-to-Equity	N/A	0.45

Competitive Comparison of Qomel Co's Debt-to-Equity

For the Pharmaceutical Retailers subindustry, Qomel 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.

Qomel Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Qomel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qomel Co's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Qomel 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
	=	(20.237	+	0.201)	/	45.503
	=	0.45

Qomel Co (SAU:9600) 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.

Qomel Co Debt-to-Equity Related Terms

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Qomel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qomel Co (SAU:9600) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3221 Prince Mamdouh bin Abdul Aziz Street, Sulaymaniyah District, Riyadh, SAU

Website

https://www.qomel.com

Qomel Co is a Saudi Arabian-based healthcare company that provides high-quality medicines and innovative medical services whose core business focuses on institutional and government supply through a professional field force and an in-depth knowledge of the local business environment They offer services such as pharmaceutical and medical supplies.

Qomel Co Headlines

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