Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Total Current Assets : KWD42.42 Mil (As of Dec. 2024)

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What is Burgan Company for Well Drilling Trading and MaintenanceK Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Burgan Company for Well Drilling Trading and MaintenanceK's total current assets for the quarter that ended in Dec. 2024 was KWD42.42 Mil.

Burgan Company for Well Drilling Trading and MaintenanceK Total Current Assets Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK's Total Current 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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Burgan Company for Well Drilling Trading and MaintenanceK Total Current Assets Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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43.20

38.45

39.94

35.19

31.84

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Current Assets	Get a 7-Day Free Trial															31.75	31.84	32.90	37.35	42.42

Burgan Company for Well Drilling Trading and MaintenanceK 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.

Burgan Company for Well Drilling Trading and MaintenanceK's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	2.944	+	7.876	+	11.588	+	9.43
	=	31.84

Burgan Company for Well Drilling Trading and MaintenanceK's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	7.887	+	5.446	+	12.606	+	16.479
	=	42.42

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.

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) 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.

Burgan Company for Well Drilling Trading and MaintenanceK's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.887	-	129.458	+	0.75 * 5.175	+	0.5 * 12.606
=	-111.39

Burgan Company for Well Drilling Trading and MaintenanceK Total Current Assets Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK provides drilling, exploration, and maintenance services for oil and gas companies. The company offers development and exploratory services, as well as drilling and maintenance of oil and gas wells in Kuwait and internationally with the approval of the Ministry of Oil. It also establishes, participates in, or acquires affiliates as outlined in its Memorandum of Incorporation. Additionally, the company invests its financial surpluses in portfolios managed by specialized entities. Burgan Company serves its clients by drilling deep, medium, and shallow wells, as well as performing workover operations. Its primary operating segment is oil and gas well services.

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