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Dar Almarkabah For Renting Cars Co (SAU:9577) Total Current Liabilities : ﷼27.82 Mil (As of Dec. 2022)


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What is Dar Almarkabah For Renting Cars 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. Dar Almarkabah For Renting Cars Co's total current liabilities for the quarter that ended in Dec. 2022 was ﷼27.82

Dar Almarkabah For Renting Cars Co Total Current Liabilities Historical Data

The historical data trend for Dar Almarkabah For Renting Cars 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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Dar Almarkabah For Renting Cars Co Total Current Liabilities Chart

Dar Almarkabah For Renting Cars Co Annual Data
Trend Dec22 Dec23
Total Current Liabilities
27.82 24.24

Dar Almarkabah For Renting Cars Co Quarterly Data
Dec22 Dec23
Total Current Liabilities 27.82 24.24

Dar Almarkabah For Renting Cars 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.

Dar Almarkabah For Renting Cars 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
=0+11.07
+Other Current Liabilities+Current Deferred Liabilities
=13.167+0
=24.24

Dar Almarkabah For Renting Cars Co's Total Current Liabilities for the quarter that ended in Dec. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0+11.329
+Other Current Liabilities+Current Deferred Liabilities
=16.494+0
=27.82

* 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

Dar Almarkabah For Renting Cars Co Total Current Liabilities Related Terms

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Dar Almarkabah For Renting Cars Co (SAU:9577) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dar Almarkabah For Renting Cars Co (SAU:9577) » Definitions » Total Current Liabilities
Comparable Companies
SAU:9584 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 R HKSE:02588 FTAI AL GATX XTER:SIX2 HRI HTZ TSE:8424
Traded in Other Exchanges
N/A
Address
Makkah Al Mukarramah Road, Al-Rabwah District, Riyadh, SAU, 12813
Website
https://www.dsrent.com.sa/
Dar Almarkabah For Renting Cars Co is a rental car service company. The activities of the company are car rental service without driver. car rental service with driver. long term leasing service. rental vehicles for companies and government sectors and transfer service to and from airports. valet parking.

Dar Almarkabah For Renting Cars Co (SAU:9577) Headlines

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