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Canadian Medical Center Co (SAU:9518) Liabilities-to-Assets : 0.18 (As of Dec. 2023)


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What is Canadian Medical Center Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Canadian Medical Center Co's Total Liabilities for the quarter that ended in Dec. 2023 was ﷼20.4 Mil. Canadian Medical Center Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼112.3 Mil. Therefore, Canadian Medical Center Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.18.


Canadian Medical Center Co Liabilities-to-Assets Historical Data

The historical data trend for Canadian Medical Center Co's Liabilities-to-Assets 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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Canadian Medical Center Co Liabilities-to-Assets Chart

Canadian Medical Center Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
0.18 0.19 0.20 0.18

Canadian Medical Center Co Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Liabilities-to-Assets Get a 7-Day Free Trial 0.19 0.18 0.20 0.18 0.18

Competitive Comparison of Canadian Medical Center Co's Liabilities-to-Assets

For the Medical Care Facilities subindustry, Canadian Medical Center Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Canadian Medical Center Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Canadian Medical Center Co's Liabilities-to-Assets falls into.



Canadian Medical Center Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Canadian Medical Center Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=20.424/112.253
=0.18

Canadian Medical Center Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=20.424/112.253
=0.18

* 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) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Canadian Medical Center Co Liabilities-to-Assets 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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