Sure Global Tech Co (SAU:9550) Total Current Assets : ﷼137.5 Mil (As of Jun. 2024)

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What is Sure Global Tech Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sure Global Tech Co's total current assets for the quarter that ended in Jun. 2024 was ﷼137.5 Mil.

Sure Global Tech Co Total Current Assets Historical Data

The historical data trend for Sure Global Tech Co'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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Sure Global Tech Co Total Current Assets Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Total Current Assets

92.60

114.40

135.44

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Current Assets	Get a 7-Day Free Trial			-	114.40	128.62	135.44	137.48

Sure Global Tech Co 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.

Sure Global Tech Co's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	65.63	+	55.943	+	0	+	13.865
	=	135.4

Sure Global Tech Co's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	27.943	+	99.872	+	0	+	9.667
	=	137.5

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.

Sure Global Tech Co (SAU:9550) 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.

Sure Global Tech Co's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	27.943	-	47.924	+	0.75 * 69.219	+	0.5 * 0
=	31.9

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Sure Global Tech Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

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