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Canadian Medical Center Co (SAU:9518) Financial Strength : 9 (As of Dec. 2023)


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What is Canadian Medical Center Co Financial Strength?

Canadian Medical Center Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Canadian Medical Center Co shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Canadian Medical Center Co's Interest Coverage for the quarter that ended in Dec. 2023 was 23.64. Canadian Medical Center Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.04. As of today, Canadian Medical Center Co's Altman Z-Score is 17.29.


Competitive Comparison of Canadian Medical Center Co's Financial Strength

For the Medical Care Facilities subindustry, Canadian Medical Center Co's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Canadian Medical Center Co's Financial Strength Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Canadian Medical Center Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Canadian Medical Center Co's Financial Strength falls into.



Canadian Medical Center Co Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Canadian Medical Center Co's Interest Expense for the months ended in Dec. 2023 was ﷼-0.3 Mil. Its Operating Income for the months ended in Dec. 2023 was ﷼7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.5 Mil.

Canadian Medical Center Co's Interest Coverage for the quarter that ended in Dec. 2023 is

Interest Coverage=-1*Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*7.59/-0.321
=23.64

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Canadian Medical Center Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.064 + 3.51) / 110.25
=0.04

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Canadian Medical Center Co has a Z-score of 17.29, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 17.29 is strong.

* 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.


Canadian Medical Center Co  (SAU:9518) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Canadian Medical Center Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Canadian Medical Center Co Financial Strength Related Terms

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Canadian Medical Center Co (SAU:9518) Business Description

Traded in Other Exchanges
N/A
Address
Al Khobar - Abqaiq, Dammam, SAU
Canadian Medical Center Co is engaged in providing medical services. Activities of the company are management of hospitals and health centers and trade in hospital tools and equipment and ambulances. It has one sector which is the activity of medical services, and geographically only operates in the Kingdom of Saudi Arabia.

Canadian Medical Center Co (SAU:9518) Headlines

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