Latest news with #financial position
Argaam
2 days ago
- Business
- Argaam
Al-Babtain decides to raise subsidiary capital to SAR 30M
Al-Babtain Power and Telecommunications Co. 's board of directors decided today, Aug. 11, to increase capital of its wholly owned subsidiary, Al-Babtain LeBlanc Communications Systems Co. (a one-person LLC), from SAR 10 million to SAR 30 million, according to a statement to Tadawul. The planned capital hike will be funded by capitalizing a SAR 20 million portion of the current account balance owed to Al-Babtain, the statement added. The company said the move aims to strengthen the subsidiary's financial position, grow its business, and develop operations.
Globe and Mail
28-07-2025
- Business
- Globe and Mail
What Costco's Balance Sheet Says About Its Financial Strength
Costco Wholesale Corporation 's COST balance sheet reveals a robust financial position, highlighted by strong liquidity and prudent asset management. As of May 11, 2025, the company reported $13,836 million in cash and cash equivalents, up from $9,906 million as of Sept. 1, 2024. This liquidity boost provides a significant buffer to support operations and fund long-term initiatives. This cash strength is underpinned by impressive operating efficiency. Over the first 36 weeks of fiscal 2025, Costco generated $9,468 million in operating cash flow while effectively managing financing outflows. Even after distributing $1,030 million in dividends and continuing share repurchases, Costco's net cash position remains strong. Merchandise inventories totaled $18,606 million, reflecting the company's scale and efficient turnover practices. Total current assets stood at $38,151 million, comfortably covering total current liabilities of $37,579 million, indicating healthy working capital and short-term solvency. Costco's long-term debt of $5,717 million is modest, especially when weighed against its total asset base of $75,482 million. The company's equity has also grown to $27,125 million as of May 11, 2025 from $23,622 million as of Sept. 1, 2024. This growth in retained earnings signals Costco's ability to internally finance expansion without overreliance on debt. Costco's balance sheet not only confirms its ability to weather macroeconomic headwinds but also supports its aggressive warehouse expansion and digital initiatives. The company's financial structure — strong liquidity, minimal debt and expanding equity — gives it the flexibility to adapt and invest in a dynamic retail environment. How BJ and TGT Compare on Financial Strength to COST BJ's Wholesale Club Holdings, Inc. BJ ended its first quarter of fiscal 2025 with $39.5 million in cash and cash equivalents, $1,928.8 million in current assets and $1,971.6 million in stockholders' equity. However, BJ's Wholesale Club had $2,510.4 million in current liabilities, signaling a working capital shortfall, and carried $398.9 million in long-term debt. On the other hand, Target Corporation TGT reported $2,887 million in cash and equivalents as of May 3, 2025, with total current assets of $17,759 million and total current liabilities of $18,991 million. Target had a long-term debt and other borrowings of $14,334 million. Both BJ's Wholesale Club and Target highlight different financial strategies, yet neither matches the fortress-like balance sheet Costco brings to the table. Costco's Price Performance, Valuation and Estimates Costco stock has been a standout performer, with shares rallying 14.7% in the past year, outpacing the industry 's growth of 8.3%. From a valuation standpoint, Costco's forward 12-month price-to-earnings ratio stands at 47.38, higher than the industry's ratio of 31.67. COST carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Costco's current financial-year sales and earnings per share implies year-over-year growth of 8.1% and 11.6%, respectively. Costco currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Target Corporation (TGT): Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report
BBC News
17-07-2025
- Politics
- BBC News
Cheshire East Council 'far from finish line' on improvements
A council which is seeking to turn around its financial position is "out of the starting blocks but far from the finish line", according to its leader.A report from an independent body set up to challenge and advise Cheshire East Council said it was "slow to respond" to some of its Nick Mannion, leader of the authority, said the report was a "snapshot that was taken several months ago" and a lot of work had since been done but he admitted the council did need to "shift up the gears".The leader of the council's Conservative group Stewart Gardiner said he was "disappointed" by the report but also argued there was "an awful lot of work that's not been reflected". The independent assurance panel which published the report was set up following a corporate peer challenge of the council, conducted by councillors and staff from other local includes an independent chair, representatives from the Local Government Association and the council's leader, deputy leader and opposition panel has met six times, and has published its first progress update on the said it recognised and welcomed the council's commitment to improvement and "the good progress that has been made in some areas".But it was accepted by the panel and the council that "improvement is not where the council would have wished it to be at this juncture". At the authority's full council meeting, Mannion said progress was being made but the council accepted there was more to do."We recognise and accept much of the feedback and the spirit it's offered," he opposition Conservative councillors raised questions on any potential ways to move faster through the democratic process and upcoming government changes on how local authorities government is set to scrap committee systems for councils, like that in place in Cheshire East, to move to a leader and cabinet system which is how many authorities already group leader Gardiner said he was involved in the assurance panel and had attended two committee meetings, and was "taken aback by the tone and comments" in the report."I know, because I am involved, about all the hard work being done by our officers and leader and deputy leader but we don't seem to be moving fast enough in the eyes of those judging us," he said progress was being made, adding: "Especially in developing the plans and foundations to improve our financial sustainability and the organisation itself but we accept there is more to do and we must deliver those plans at pace."We're out of the starting blocks but far from the finish line." See more Cheshire stories from the BBC and follow BBC North West on X. For more local politics coverage, BBC Politics North West is on BBC One on Sunday at 10:00am and on BBC iPlayer.
