Nahdi Medical Co (SAU:4164) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Nahdi Medical Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Nahdi Medical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Nahdi Medical Co's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.15). It may suggest that Nahdi Medical Co is progressively becoming more dependent on debt to grow their business.

Nahdi Medical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nahdi Medical Co's LT-Debt-to-Total-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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Nahdi Medical Co LT-Debt-to-Total-Asset Chart

Nahdi Medical Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.23

0.16

Nahdi Medical Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.15	0.14	0.15	0.16	0.15

Nahdi Medical Co LT-Debt-to-Total-Asset Calculation

Nahdi Medical Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	870.566	/	5371.327
	=	0.16

Nahdi Medical Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	832.713	/	5675.553
	=	0.15

Nahdi Medical Co (SAU:4164) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Nahdi Medical Co (SAU:4164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nahdi Medical Co (SAU:4164) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 17129, Jeddah, SAU, 21484

Website

https://www.nahdi.sa

Nahdi Medical Co is engaged in the wholesale and retail trading of cosmetics, pharmaceutical products, special and healthy foods and medical equipment.

Nahdi Medical Co (SAU:4164) Headlines

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