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Cirtek Holdings (HKSE:01433) Total Current Liabilities : HK$153.2 Mil (As of Dec. 2023)


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What is Cirtek 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. Cirtek Holdings's total current liabilities for the quarter that ended in Dec. 2023 was HK$153.2

Cirtek Holdings Total Current Liabilities Historical Data

The historical data trend for Cirtek 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.

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Cirtek Holdings Total Current Liabilities Chart

Cirtek Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 108.58 101.72 128.59 135.52 153.16

Cirtek Holdings Semi-Annual Data
Dec16 Dec17 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 128.59 120.85 135.52 137.69 153.16

Cirtek 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.

Cirtek 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
=120.974+32.185
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=153.2

Cirtek 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
=120.974+32.185
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=153.2

* 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

Cirtek Holdings Total Current Liabilities Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:00333 HKSE:02668 HKSE:01247 HKSE:01749 HKSE:00518 HKSE:00540 HKSE:01682 HKSE:08456 HKSE:08507 HKSE:00130 OSTO:HM B MIL:MONC RL VFC WAR:LPP LEVI BOM:532827 TSX:GIL SHSE:600398 PVH
Traded in Other Exchanges
N/A
Address
15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG
Website
http://www.cirtek.com
Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.
Executives
Charming International Limited 2101 Beneficial owner
Chan Sing Ming Barry 2201 Interest of corporation controlled by you
Law Miu Lan 2201 Interest of corporation controlled by you

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