Middle East Healthcare Co (SAU:4009) Total Current Assets : ﷼2,376 Mil (As of Mar. 2024)

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What is Middle East Healthcare Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Middle East Healthcare Co's total current assets for the quarter that ended in Mar. 2024 was ﷼2,376 Mil.

Middle East Healthcare Co Total Current Assets Historical Data

The historical data trend for Middle East Healthcare 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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Middle East Healthcare Co Total Current Assets Chart

Middle East Healthcare Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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1,021.61

1,493.27

1,578.33

1,957.00

2,574.86

Middle East Healthcare Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															2,137.16	2,225.43	2,395.30	2,574.86	2,375.57

Middle East Healthcare 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.

Middle East Healthcare 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
	=	44.423	+	2300.555	+	75.305	+	154.574
	=	2,575

Middle East Healthcare Co's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	21.673	+	2116.423	+	76.846	+	160.63
	=	2,376

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.

Middle East Healthcare Co (SAU:4009) 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.

Middle East Healthcare Co's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21.673	-	3361.939	+	0.75 * 2116.423	+	0.5 * 76.846
=	-1,715

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Middle East Healthcare Co (SAU:4009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Middle East Healthcare Co (SAU:4009) » Definitions » Total Current Assets

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Traded in Other Exchanges

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Address

4, Batterjee Road, P.O.Box 2550, Al-Zahra District, Jeddah, SAU, 21461

Website

https://www.saudigermanhealth.com

Middle East Healthcare Co is a Saudi Arabia-based company engaged in the business of managing, operating and maintaining hospitals, medical centers, educational centers, rehabilitation centers, physiotherapy, laboratories and radiology centers, pharmacies, construction and to buy land for the purpose of constructing medical projects and to establish, manage and organize exhibitions for the company.

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