AME Company for Medical Supplies (SAU:9527) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is AME Company for Medical Supplies 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. AME Company for Medical Supplies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

AME Company for Medical Supplies's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that AME Company for Medical Supplies is progressively becoming more dependent on debt to grow their business.

AME Company for Medical Supplies LT-Debt-to-Total-Asset Historical Data

The historical data trend for AME Company for Medical Supplies'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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AME Company for Medical Supplies LT-Debt-to-Total-Asset Chart

AME Company for Medical Supplies Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

AME Company for Medical Supplies Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.01	0.01	0.01	0.01

AME Company for Medical Supplies LT-Debt-to-Total-Asset Calculation

AME Company for Medical Supplies'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 )
	=	1.396	/	190.219
	=	0.01

AME Company for Medical Supplies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.396	/	190.219
	=	0.01

AME Company for Medical Supplies (SAU:9527) 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.

AME Company for Medical Supplies LT-Debt-to-Total-Asset Related Terms

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AME Company for Medical Supplies (SAU:9527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » AME Company for Medical Supplies (SAU:9527) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, P.O. Box 11544, Jeddah, SAU, 21463

Website

https://www.ame.med.sa

AME Company for Medical Supplies is engaged in providing medical devices and equipment. It generates maximum revenue from the medical supplies segment. The Company is engaged in wholesale and retail trade which mainly includes perfumes, cosmetics, orthotic devices, medical supplies, decorative soap, incense, veterinary medicine and medical equipment.

AME Company for Medical Supplies (SAU:9527) Headlines

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