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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Total Current Liabilities : KWD102.2 Mil (As of Mar. 2024)


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What is Ali Alghanim Sons Automotive Co KSC Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Ali Alghanim Sons Automotive Co KSC's total current liabilities for the quarter that ended in Mar. 2024 was KWD102.2

Ali Alghanim Sons Automotive Co KSC Total Current Liabilities Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Total Current Liabilities Chart

Ali Alghanim Sons Automotive Co KSC Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
50.59 77.00 79.48

Ali Alghanim Sons Automotive Co KSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 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 Premium Member Only 83.91 83.90 90.63 79.48 102.20

Ali Alghanim Sons Automotive Co KSC Total Current Liabilities Calculation

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

Ali Alghanim Sons Automotive Co KSC'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
=42.12+6.635
+Other Current Liabilities+Current Deferred Liabilities
=30.721+0
=79.5

Ali Alghanim Sons Automotive Co KSC'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
=67.508+3.369
+Other Current Liabilities+Current Deferred Liabilities
=31.32+0
=102.2

* 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

Ali Alghanim Sons Automotive Co KSC Total Current Liabilities Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076
Website
https://alg.com.kw
Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.