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Miral Dental Clinics Co (SAU:9604) Liabilities-to-Assets : 0.29 (As of Jun. 2024)


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What is Miral Dental Clinics Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Miral Dental Clinics Co's Total Liabilities for the quarter that ended in Jun. 2024 was ﷼19.72 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 Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 was 0.29.


Miral Dental Clinics Co Liabilities-to-Assets Historical Data

The historical data trend for Miral Dental Clinics Co's Liabilities-to-Assets 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 Liabilities-to-Assets Chart

Miral Dental Clinics Co Annual Data
Trend
Liabilities-to-Assets

Miral Dental Clinics Co Semi-Annual Data
Jun23 Jun24
Liabilities-to-Assets - 0.29

Competitive Comparison of Miral Dental Clinics Co's Liabilities-to-Assets

For the Medical Care Facilities subindustry, Miral Dental Clinics Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets Distribution in the Healthcare Providers & Services Industry

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

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


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Miral Dental Clinics Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Miral Dental Clinics Co's Liabilities-to-Assets Ratio for the fiscal year that ended in . 20 is calculated as:

Liabilities-to-Assets (A: . 20 )=Total Liabilities/Total Assets
=/
=N/A

Miral Dental Clinics Co's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 is calculated as

Liabilities-to-Assets (Q: Jun. 2024 )=Total Liabilities/Total Assets
=19.721/69.145
=0.29

* 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) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Miral Dental Clinics Co Liabilities-to-Assets 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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