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Al Razi Medical Co (SAU:9572) Equity-to-Asset : 0.49 (As of Jun. 2024)


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What is Al Razi Medical Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Al Razi Medical Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼22.38 Mil. Al Razi Medical Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼45.61 Mil. Therefore, Al Razi Medical Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.49.

The historical rank and industry rank for Al Razi Medical Co's Equity-to-Asset or its related term are showing as below:

SAU:9572' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49   Med: 0.5   Max: 0.55
Current: 0.49

During the past 2 years, the highest Equity to Asset Ratio of Al Razi Medical Co was 0.55. The lowest was 0.49. And the median was 0.50.

SAU:9572's Equity-to-Asset is ranked better than
51.89% of 688 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs SAU:9572: 0.49

Al Razi Medical Co Equity-to-Asset Historical Data

The historical data trend for Al Razi Medical Co's Equity-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.

Al Razi Medical Co Equity-to-Asset Chart

Al Razi Medical Co Annual Data
Trend Dec22 Dec23
Equity-to-Asset
0.55 0.49

Al Razi Medical Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Equity-to-Asset - 0.55 0.51 0.49 0.49

Competitive Comparison of Al Razi Medical Co's Equity-to-Asset

For the Pharmaceutical Retailers subindustry, Al Razi Medical Co's Equity-to-Asset, along with its competitors' market caps and Equity-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.


Al Razi Medical Co's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Al Razi Medical Co's Equity-to-Asset falls into.


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Al Razi Medical Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Al Razi Medical Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=22.369/45.418
=0.49

Al Razi Medical Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )=Total Stockholders Equity/Total Assets
=22.379/45.613
=0.49

* 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.


Al Razi Medical Co  (SAU:9572) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Al Razi Medical Co Equity-to-Asset Related Terms

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Al Razi Medical Co Business Description

Traded in Other Exchanges
N/A
Address
King Abdulaziz Road, Al-Khaleej District, Al-Bada'ea, Al-Qassim, Riyadh, SAU
Al Razi Medical Co operates in the medical field in the Kingdom of Saudi Arabia. The company provides all pharmaceutical and cosmetic products. It engages in buying and selling pharmaceuticals, medical supplies, herbal and cosmetic products, and all related products on a wholesale and retail basis.

Al Razi Medical Co Headlines

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