China Eastern Airlines (HKSE:00670) Total Current Assets : HK$20,537 Mil (As of Mar. 2024)

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What is China Eastern Airlines Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. China Eastern Airlines's total current assets for the quarter that ended in Mar. 2024 was HK$20,537 Mil.

China Eastern Airlines Total Current Assets Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Total Current Assets Chart

China Eastern Airlines Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Total Current Assets

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21,969.04

26,669.87

34,174.88

31,313.80

28,069.65

China Eastern Airlines 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															36,553.76	36,024.76	27,520.27	28,069.65	20,536.53

China Eastern Airlines 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.

China Eastern Airlines'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
	=	13258.788	+	4874.972	+	1787.235	+	8148.653
	=	28,070

China Eastern Airlines'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
	=	5686.788	+	5678.098	+	1863.007	+	7308.636
	=	20,537

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.

China Eastern Airlines (HKSE:00670) 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.

China Eastern Airlines'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)
=	5686.788	-	253324.415	+	0.75 * 2872.181	+	0.5 * 1863.007
=	-244,552

China Eastern Airlines Total Current Assets Related Terms

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China Eastern Airlines (HKSE:00670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (HKSE:00670) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CHEAF:USA CIAH:Germany 600115:China

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

Executives

Dong Hang Guo Ji Kong Gu Xiang Gang You Xian Gong Si	2101 Beneficial owner
Zhong Guo Dong Fang Hang Kong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Junjin	2201 Interest of corporation controlled by you
Wang Han	2201 Interest of corporation controlled by you
Ye Jinqi	2202 Interest of your spouse
Dong Fang Hang Kong Ji Tuan You Xian Gong Si
Shang Hai Ji Xiang Hang Kong Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jun Yao Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ji Xiang Hang Kong Xiang Gang You Xian Gong Si	2101 Beneficial owner

China Eastern Airlines (HKSE:00670) Headlines

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