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Magnificent Hotel Investments (HKSE:00201) Total Current Liabilities : HK$729.7 Mil (As of Dec. 2023)


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What is Magnificent Hotel Investments Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Magnificent Hotel Investments's total current liabilities for the quarter that ended in Dec. 2023 was HK$729.7

Magnificent Hotel Investments Total Current Liabilities Historical Data

The historical data trend for Magnificent Hotel Investments'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.

Magnificent Hotel Investments Total Current Liabilities Chart

Magnificent Hotel Investments 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 218.00 287.50 572.40 728.99 729.70

Magnificent Hotel Investments 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 572.40 604.68 728.99 702.80 729.70

Magnificent Hotel Investments Total Current Liabilities Calculation

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

Magnificent Hotel Investments'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
=586.817+98.248
+Other Current Liabilities+Current Deferred Liabilities
=44.639+0
=729.7

Magnificent Hotel Investments'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
=586.817+98.248
+Other Current Liabilities+Current Deferred Liabilities
=44.639+0
=729.7

* 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

Magnificent Hotel Investments Total Current Liabilities Related Terms

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Magnificent Hotel Investments (HKSE:00201) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:00184 HKSE:00199 HKSE:00219 HKSE:00617 HKSE:00253 HKSE:01215 HKSE:01832 HKSE:00042 HKSE:00559 HKSE:00181 MAR HLT XNEP:SHL LSE:IHG H HTHT XPAR:AC BOM:500850 SAU:4250 LSE:WTB
Traded in Other Exchanges
N/A
Address
24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG
Website
http://www.magnificenthotelinv.com
Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.
Executives
Alef United Holdings Limited 2401 A concert party to an agreement to buy shares
Credit Suisse Trust Limited 2201 Interest of corporation controlled by you
Hashim Majed Hashim A. 2201 Interest of corporation controlled by you
North Salomon Limited 2201 Interest of corporation controlled by you
Saray Capital Limited 2201 Interest of corporation controlled by you
Saray Value Fund Spc 2401 A concert party to an agreement to buy shares
Shobokshi Hussam Ali H. 2201 Interest of corporation controlled by you
Fmr Llc 2201 Interest of corporation controlled by you
Omnico Company Inc. 2201 Interest of corporation controlled by you
Shun Ho Holdings Limited 2201 Interest of corporation controlled by you
Shun Ho Property Investments Limited 2101 Beneficial owner
Trillion Resources Limited 2201 Interest of corporation controlled by you
Lee Pui Ling Liza 2202 Interest of your spouse

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