Spear REIT (JSE:SEA) Total Current Assets: R510.4 Mil (As of Feb. 2026)

What is Spear REIT Total Current Assets?

Spear REIT JSE:SEA -1.96% 63 Total Current Assets is R510.4 Mil as of Feb. 2026. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R6.98 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Spear REIT's total current assets for the quarter that ended in Feb. 2026 was R510.4 Mil.

Spear REIT (JSE:SEA) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Spear REIT's Liquidation Value for the quarter that ended in Feb. 2026 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	393.786	-	2194.476	+	0.75 * 8.885	+	0.5 * 105.64
=	-1,741.2

* 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.

Spear REIT Total Current Assets Related Terms

Spear REIT Total Current Assets Historical Data

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The historical data trend for Spear REIT's Total Current Assets can be seen below:

Spear REIT Total Current Assets Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

Total Current Assets

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117.09

461.62

492.42

207.90

510.36

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
Total Current Assets	Get a 7-Day Free Trial														492.42	230.89	207.90	923.92	510.36

63GF Score

Spear REIT Ltd JSE:SEA

Total Current Assets is just one metric. See GF Score™, valuation, warning signs, and more.

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Spear REIT Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Spear REIT's Total Current Assets for the fiscal year that ended in Feb. 2026 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	393.786	+	9.166	+	105.64	+	1.769
	=	510.4

Spear REIT's Total Current Assets for the quarter that ended in Feb. 2026 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	393.786	+	9.166	+	105.64	+	1.769
	=	510.4

Total Current Assets is linked to the Current Ratio, which is the result of 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.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Frequently Asked Questions Learn more about Total Current Assets →

What does a Total Current Assets of R510.4 Mil mean?

Spear REIT (JSE:SEA) has a Total Current Assets of R510.4 Mil as of Feb. 2026. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Spear REIT and its competitors.

Is Spear REIT's Total Current Assets too high?

Spear REIT's current Total Current Assets is R510.4 Mil. Overall, Spear REIT has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Spear REIT's Total Current Assets compare to VICI and WPC?

Spear REIT's Total Current Assets of R510.4 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Current Assets for a REITs company?

A good Total Current Assets depends on the REITs industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Current Assets mean?

A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Spear REIT and its competitors. Spear REIT's current Total Current Assets is R510.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Spear REIT stock overvalued right now?

Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R6.98, compared to a current price of R12.98 — trading 86% above its estimated fair value. The current Total Current Assets is R510.4 Mil. Spear REIT's overall GF Score™ is 63/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Current Assets calculated?

Total Current Assets is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Total Current Assets is R510.4 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spear REIT (JSE:SEA) Overvalued in 2026?

Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued. The current stock price of R12.98 is trading 86% above its estimated GF Value™ of R6.98. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

Total Current Assets: R510.4 Mil
GF Value™: R6.98 vs. price of R12.98 (86% above fair value)
GF Score™: 63/100 with 12 warning signs

No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spear REIT Business Description

Industry Real Estate REITs

Comparable Companies JSE:EMI JSE:HET JSE:BTN JSE:OCT JSE:SAC JSE:OAS JSE:ATT JSE:NRL ASX:GMG VICI WPC BSP:HSRE11 ASX:CHC ASX:SGP XPAR:COV ASX:GPT LSE:LAND MEX:FUNO11 LSE:BLND ASX:MGR

Address 2 Long Street, PO Box 50, 16th Floor, Observatory, 7935, Cape Town, ZAF, 8001

Website https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.

63GF Score

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Total Current Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R12.98

Price

R6.98

GF Value

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