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Alahli REIT Fund 1 (SAU:4338) Current Ratio : 1.30 (As of Jun. 2023)


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What is Alahli REIT Fund 1 Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Alahli REIT Fund 1's current ratio for the quarter that ended in Jun. 2023 was 1.30.

Alahli REIT Fund 1 has a current ratio of 1.30. It generally indicates good short-term financial strength.

The historical rank and industry rank for Alahli REIT Fund 1's Current Ratio or its related term are showing as below:

SAU:4338' s Current Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.42   Max: 28.03
Current: 1.3

During the past 5 years, Alahli REIT Fund 1's highest Current Ratio was 28.03. The lowest was 0.87. And the median was 1.42.

SAU:4338's Current Ratio is ranked better than
56.92% of 715 companies
in the REITs industry
Industry Median: 1.03 vs SAU:4338: 1.30

Alahli REIT Fund 1 Current Ratio Historical Data

The historical data trend for Alahli REIT Fund 1's Current Ratio 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.

* Premium members only.

Alahli REIT Fund 1 Current Ratio Chart

Alahli REIT Fund 1 Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Current Ratio
1.96 1.42 0.87 1.48 1.14

Alahli REIT Fund 1 Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.43 1.48 1.09 1.14 1.30

Competitive Comparison of Alahli REIT Fund 1's Current Ratio

For the REIT - Diversified subindustry, Alahli REIT Fund 1's Current Ratio, along with its competitors' market caps and Current Ratio 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.


Alahli REIT Fund 1's Current Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alahli REIT Fund 1's Current Ratio distribution charts can be found below:

* The bar in red indicates where Alahli REIT Fund 1's Current Ratio falls into.



Alahli REIT Fund 1 Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Alahli REIT Fund 1's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Current Ratio (A: Dec. 2022 )=Total Current Assets (A: Dec. 2022 )/Total Current Liabilities (A: Dec. 2022 )
=85.325/74.541
=1.14

Alahli REIT Fund 1's Current Ratio for the quarter that ended in Jun. 2023 is calculated as

Current Ratio (Q: Jun. 2023 )=Total Current Assets (Q: Jun. 2023 )/Total Current Liabilities (Q: Jun. 2023 )
=129.605/99.585
=1.30

* 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.


Alahli REIT Fund 1  (SAU:4338) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Alahli REIT Fund 1 Current Ratio Related Terms

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Alahli REIT Fund 1 (SAU:4338) Business Description

Traded in Other Exchanges
N/A
Address
King Saud Road, P.O. Box 22216, Regional Building of National Commercial Bank, Riyadh, SAU, 11495
Alahli REIT Fund 1 invests in income-producing properties. Its objective is to provide periodic rental income to Unitholders through investing in developed income-generating properties and to potentially provide capital growth by developing and/or expanding and/or selling assets. The Fund invests mainly in developed income-generating real estate assets and may invest part of its assets and cash surplus in Murabaha transactions and short-term deposits in Saudi Riyals with banks that are licensed by the Saudi Central Bank (SAMA) and operate in Saudi Arabia. The Fund may also invest in public money market funds approved by CMA.

Alahli REIT Fund 1 (SAU:4338) Headlines

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