Palestine Investment & Development Co (XPAE:PID) Total Current Assets : JOD1.30 Mil (As of Sep. 2024)

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What is Palestine Investment & Development Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Palestine Investment & Development Co's total current assets for the quarter that ended in Sep. 2024 was JOD1.30 Mil.

Palestine Investment & Development Co Total Current Assets Historical Data

The historical data trend for Palestine Investment & Development 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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Palestine Investment & Development Co Total Current Assets Chart

Palestine Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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4.16

2.50

3.01

3.53

1.22

Palestine Investment & Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															1.10	1.22	1.10	0.77	1.30

Palestine Investment & Development 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.

Palestine Investment & Development 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
	=	0.919	+	0.278	+	0	+	0.02
	=	1.22

Palestine Investment & Development Co's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.152	+	0.13	+	0	+	0.022
	=	1.30

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.

Palestine Investment & Development Co (XPAE:PID) 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.

Palestine Investment & Development Co's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.152	-	0.235	+	0.75 * 0.13	+	0.5 * 0
=	1.01

Palestine Investment & Development Co Total Current Assets Related Terms

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Palestine Investment & Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Palestine Investment & Development Co (XPAE:PID) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

Jaffa Street, P.O.Box 281, Ramallah, PSE

Website

https://www.pidco.ps

Palestine Investment & Development Co operates in the real estate sector. The company is engaged in the development of real estate properties. The company is looking to attract local investors from Palestine and abroad, in order to participate in its investment projects, and in order to implement several investment projects.