National Marine Dredging Co PSC (ADX:NMDC) Construction In Progress : د.إ651 Mil (As of Mar. 2024)

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What is National Marine Dredging Co PSC Construction In Progress?

National Marine Dredging Co PSC's quarterly construction in progress declined from Sep. 2023 (د.إ791 Mil) to Dec. 2023 (د.إ408 Mil) but then increased from Dec. 2023 (د.إ408 Mil) to Mar. 2024 (د.إ651 Mil).

National Marine Dredging Co PSC's annual construction in progress increased from Dec. 2021 (د.إ65 Mil) to Dec. 2022 (د.إ260 Mil) and increased from Dec. 2022 (د.إ260 Mil) to Dec. 2023 (د.إ408 Mil).

National Marine Dredging Co PSC Construction In Progress Historical Data

The historical data trend for National Marine Dredging Co PSC's Construction In Progress 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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National Marine Dredging Co PSC Construction In Progress Chart

National Marine Dredging Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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320.73

18.53

65.05

260.28

407.82

National Marine Dredging Co PSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															-	371.58	790.55	407.82	651.10

National Marine Dredging Co PSC Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

National Marine Dredging Co PSC (ADX:NMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » National Marine Dredging Co PSC (ADX:NMDC) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE

Website

https://www.nmdc.com

National Marine Dredging Co PSC is engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates. Geographically, the company has a business presence in the United Arab Emirates and internationally. It derives the majority of the revenue from its operations in the United Arab Emirates. The company activities include Dredging and Reclamation, and Marine Construction. It has projects in various sectors such as Energy, Environment, Seaborne Trade, Tourism and Urban Development.

National Marine Dredging Co PSC (ADX:NMDC) Headlines

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