Middle East Healthcare Co (SAU:4009) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Middle East Healthcare 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. Middle East Healthcare Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Middle East Healthcare Co's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.19). It may suggest that Middle East Healthcare Co is progressively becoming less dependent on debt to grow their business.

Middle East Healthcare Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Middle East Healthcare 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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Middle East Healthcare Co LT-Debt-to-Total-Asset Chart

Middle East Healthcare Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.24

0.27

0.28

0.26

Middle East Healthcare 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															0.26	0.25	0.25	0.26	0.19

Middle East Healthcare Co LT-Debt-to-Total-Asset Calculation

Middle East Healthcare 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 )
	=	1356.042	/	5173.15
	=	0.26

Middle East Healthcare 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 )
	=	952.904	/	4979.766
	=	0.19

Middle East Healthcare Co (SAU:4009) 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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Middle East Healthcare Co (SAU:4009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Middle East Healthcare Co (SAU:4009) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4, Batterjee Road, P.O.Box 2550, Al-Zahra District, Jeddah, SAU, 21461

Website

https://www.saudigermanhealth.com

Middle East Healthcare Co is a Saudi Arabia-based company engaged in the business of managing, operating and maintaining hospitals, medical centers, educational centers, rehabilitation centers, physiotherapy, laboratories and radiology centers, pharmacies, construction and to buy land for the purpose of constructing medical projects and to establish, manage and organize exhibitions for the company.

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