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Miral Dental Clinics Co (SAU:9604) Equity-to-Asset : 0.72 (As of Jun. 2024)


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What is Miral Dental Clinics Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Miral Dental Clinics Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼49.42 Mil. Miral Dental Clinics Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼69.15 Mil. Therefore, Miral Dental Clinics Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.72.

The historical rank and industry rank for Miral Dental Clinics Co's Equity-to-Asset or its related term are showing as below:

SAU:9604' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.72   Med: 0.72   Max: 0.72
Current: 0.72

During the past 0 years, the highest Equity to Asset Ratio of Miral Dental Clinics Co was 0.72. The lowest was 0.72. And the median was 0.72.

SAU:9604's Equity-to-Asset is ranked better than
78.49% of 688 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs SAU:9604: 0.72

Miral Dental Clinics Co Equity-to-Asset Historical Data

The historical data trend for Miral Dental Clinics 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.

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Miral Dental Clinics Co Equity-to-Asset Chart

Miral Dental Clinics Co Annual Data
Trend
Equity-to-Asset

Miral Dental Clinics Co Semi-Annual Data
Jun23 Jun24
Equity-to-Asset - 0.72

Competitive Comparison of Miral Dental Clinics Co's Equity-to-Asset

For the Medical Care Facilities subindustry, Miral Dental Clinics 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.


Miral Dental Clinics Co's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Miral Dental Clinics Co's Equity-to-Asset falls into.


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Miral Dental Clinics 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.

Miral Dental Clinics Co's Equity to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Equity to Asset (A: . 20 )=Total Stockholders Equity/Total Assets
=/
=

Miral Dental Clinics 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
=49.424/69.145
=0.71

* 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.


Miral Dental Clinics Co  (SAU:9604) 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%.


Miral Dental Clinics Co Equity-to-Asset Related Terms

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Miral Dental Clinics Co Business Description

Traded in Other Exchanges
N/A
Address
Prince Muhammad bin Abdulaziz Road, Riyadh, SAU, 11527
Miral Dental Clinics Co is a company whose main activities include dental centers, dental clinics, specialized medical complexes, and medical clinics.

Miral Dental Clinics Co Headlines

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