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Min Xin Holdings (HKSE:00222) Total Current Liabilities : HK$853.5 Mil (As of Dec. 2023)


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What is Min Xin Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Min Xin Holdings's total current liabilities for the quarter that ended in Dec. 2023 was HK$853.5

Min Xin Holdings Total Current Liabilities Historical Data

The historical data trend for Min Xin Holdings'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.

* Premium members only.

Min Xin Holdings Total Current Liabilities Chart

Min Xin Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 254.23 611.85 129.87 658.98 853.54

Min Xin Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 129.87 727.23 658.98 905.34 853.54

Min Xin Holdings Total Current Liabilities Calculation

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

Min Xin Holdings'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
=41.512+657.268
+Other Current Liabilities+Current Deferred Liabilities
=154.758+0
=853.5

Min Xin Holdings'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
=41.512+657.268
+Other Current Liabilities+Current Deferred Liabilities
=154.758+0
=853.5

* 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

Min Xin Holdings Total Current Liabilities Related Terms

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Min Xin Holdings (HKSE:00222) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Min Xin Holdings Ltd (HKSE:00222) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:03699 HKSE:06093 HKSE:01663 HKSE:00873 HKSE:00674 HKSE:02152 HKSE:00982 HKSE:06677 HKSE:02205 HKSE:06668 PGR CB TSE:8766 TRV ALL TSE:8725 HKSE:01339 HIG HKSE:02328 TSX:IFC
Traded in Other Exchanges
MXD:Germany
Address
No. 8 Cotton Tree Drive, 17th Floor, Fairmont House, Central, Hong Kong, HKG
Website
https://www.minxin.com.hk
Min Xin Holdings Ltd is a Hong Kong-based investment holding company. It provides business including banking investment, microfinance, insurance, property investment, and energy investment. Mainland China. It organizes its business into five segments namely Financial Services, Insurance, Property investment, Strategic Investment, and Other activities. It operates its business in Hong Kong, Mainland China, and Macau, and derives a majority of its revenue from Macau.
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