Professional Medical Expertise Co (SAU:9574) Equity-to-Asset : 0.37 (As of Dec. 2022)

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What is Professional Medical Expertise Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Professional Medical Expertise Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ﷼73.2 Mil. Professional Medical Expertise Co's Total Assets for the quarter that ended in Dec. 2022 was ﷼199.2 Mil.

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

SAU:9574' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.36 Max: 0.37
Current: 0.35

During the past 2 years, the highest Equity to Asset Ratio of Professional Medical Expertise Co was 0.37. The lowest was 0.35. And the median was 0.36.

SAU:9574's Equity-to-Asset is ranked worse than
80.57% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 0.64 vs SAU:9574: 0.35

Professional Medical Expertise Co Equity-to-Asset Historical Data

The historical data trend for Professional Medical Expertise 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.

Professional Medical Expertise Co Equity-to-Asset Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Equity-to-Asset

0.37

0.35

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Equity-to-Asset	0.37	0.35

Competitive Comparison of Professional Medical Expertise Co's Equity-to-Asset

For the Medical Devices subindustry, Professional Medical Expertise 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.

Professional Medical Expertise Co's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Professional Medical Expertise Co's Equity-to-Asset distribution charts can be found below:

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

Professional Medical Expertise 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.

Professional Medical Expertise 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
	=	97.2	/	279.347
	=	0.35

Professional Medical Expertise Co's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	73.19	/	199.208
	=

Professional Medical Expertise Co (SAU:9574) 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%.

Professional Medical Expertise Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Professional Medical Expertise Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

Professional Medical Expertise Co (SAU:9574) Headlines

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