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Gas Arabian Services Co (SAU:9528) Total Current Liabilities : ﷼184.0 Mil (As of Dec. 2023)


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What is Gas Arabian Services Co Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Gas Arabian Services Co's total current liabilities for the quarter that ended in Dec. 2023 was ﷼184.0

Gas Arabian Services Co Total Current Liabilities Historical Data

The historical data trend for Gas Arabian Services Co'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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Gas Arabian Services Co Total Current Liabilities Chart

Gas Arabian Services Co Annual Data
Trend Dec21 Dec22 Dec23
Total Current Liabilities
142.44 147.30 183.99

Gas Arabian Services Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial 142.44 168.06 147.30 184.78 183.99

Gas Arabian Services Co Total Current Liabilities Calculation

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

Gas Arabian Services Co'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
=101.782+1.139
+Other Current Liabilities+Current Deferred Liabilities
=81.072+0
=184.0

Gas Arabian Services Co's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=101.782+1.139
+Other Current Liabilities+Current Deferred Liabilities
=81.072+0
=184.0

* 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

Gas Arabian Services Co Total Current Liabilities Related Terms

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Gas Arabian Services Co (SAU:9528) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Arabian Services Co (SAU:9528) » Definitions » Total Current Liabilities
Comparable Companies
SAU:1301 SAU:9558 SAU:9534 SAU:9540 SAU:9518 SAU:4051 SAU:4346 SAU:9532 SAU:9542 SAU:2370 SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
Unit no. 8500, Dammam, SAU, 32241-5150
Website
https://www.gasarabian.com
Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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