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Al Ansari Financial Services (DFM:ALANSARI) Total Current Liabilities : د.إ1,518 Mil (As of Mar. 2024)


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What is Al Ansari Financial Services Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Al Ansari Financial Services's total current liabilities for the quarter that ended in Mar. 2024 was د.إ1,518

Al Ansari Financial Services Total Current Liabilities Historical Data

The historical data trend for Al Ansari Financial Services's Total Current Liabilities 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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Al Ansari Financial Services Total Current Liabilities Chart

Al Ansari Financial Services Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
765.30 763.43 771.43 1,091.71 1,202.35

Al Ansari Financial Services Quarterly Data
Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 1,557.46 947.43 1,202.35 1,518.18

Al Ansari Financial Services Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Al Ansari Financial Services's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=759.031+383.522
+Other Current Liabilities+Current Deferred Liabilities
=59.795+0
=1,202

Al Ansari Financial Services's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1189.497+279.295
+Other Current Liabilities+Current Deferred Liabilities
=49.384+0
=1,518

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Al Ansari Financial Services Total Current Liabilities Related Terms

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Al Ansari Financial Services (DFM:ALANSARI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » Total Current Liabilities
Comparable Companies
DFM:ALRAMZ DFM:BHMCAPITAL MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688 HKSE:03908 SHSE:601211 LPLA SHSE:600999 SHSE:600837 SZSE:000776 SZSE:000166 HKSE:06881
Traded in Other Exchanges
N/A
Address
Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE
Website
https://www.aafs.ae
Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards) and transportation of cash and valuables.

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