Mouwasat Medical Services Co (SAU:4002) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Mouwasat Medical Services 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. Mouwasat Medical Services Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Mouwasat Medical Services Co's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.12). It may suggest that Mouwasat Medical Services Co is progressively becoming more dependent on debt to grow their business.

Mouwasat Medical Services Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mouwasat Medical Services 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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Mouwasat Medical Services Co LT-Debt-to-Total-Asset Chart

Mouwasat Medical Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.17

0.15

0.14

0.11

Mouwasat Medical Services Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.13	0.11	0.11	0.12

Mouwasat Medical Services Co LT-Debt-to-Total-Asset Calculation

Mouwasat Medical Services 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 )
	=	518.833	/	4964.547
	=	0.10

Mouwasat Medical Services 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 )
	=	667.988	/	5385.599
	=	0.12

Mouwasat Medical Services Co (SAU:4002) 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.

Mouwasat Medical Services Co LT-Debt-to-Total-Asset Related Terms

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Mouwasat Medical Services Co (SAU:4002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mouwasat Medical Services Co (SAU:4002) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Destect 71 - King Fahad Road, P.O. Box 282, Dammam, SAU, 31411

Website

https://www.mouwasat.com

Mouwasat Medical Services Co is engaged in the acquisition, management, operation and maintenance of hospitals, medical centers, drug stores, pharmacies and wholesale of medical equipment and drugs. The company also operates skin care centers that offer clinical and cosmetic dermatology, aesthetic and reconstructive plastic surgery, weight reduction, and esthetician services. It operates in two segments Medical Services segment and Pharmaceuticals out of which the Medical Services segment derive majority of revenue.

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