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Infinity Logistics And Transport Ventures (HKSE:01442) Total Current Liabilities : HK$220.3 Mil (As of Dec. 2023)


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What is Infinity Logistics And Transport Ventures Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Infinity Logistics And Transport Ventures's total current liabilities for the quarter that ended in Dec. 2023 was HK$220.3

Infinity Logistics And Transport Ventures Total Current Liabilities Historical Data

The historical data trend for Infinity Logistics And Transport Ventures'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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Infinity Logistics And Transport Ventures Total Current Liabilities Chart

Infinity Logistics And Transport Ventures Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 120.80 100.55 126.46 166.81 220.26

Infinity Logistics And Transport Ventures Semi-Annual Data
Dec16 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 126.46 175.94 166.81 199.60 220.26

Infinity Logistics And Transport Ventures Total Current Liabilities Calculation

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

Infinity Logistics And Transport Ventures'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
=100.362+89.06
+Other Current Liabilities+Current Deferred Liabilities
=30.833+0
=220.3

Infinity Logistics And Transport Ventures'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
=100.362+89.06
+Other Current Liabilities+Current Deferred Liabilities
=30.833+0
=220.3

* 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

Infinity Logistics And Transport Ventures Total Current Liabilities Related Terms

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Infinity Logistics And Transport Ventures (HKSE:01442) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Infinity Logistics And Transport Ventures Ltd (HKSE:01442) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:02130 HKSE:02490 HKSE:03399 HKSE:02482 HKSE:00500 HKSE:06123 HKSE:08047 HKSE:08310 HKSE:01292 HKSE:01732 UPS FDX XTER:DHL XSWX:KNIN OCSE:DSV SZSE:002352 ZTO JBHT EXPD HKSE:01519
Traded in Other Exchanges
N/A
Address
No. 2, Jalan Kasuarina 8, Infinity House, Bandar Botanic, Klang, Klang, SGR, MYS, 41200
Website
https://www.infinity.com.my
Infinity Logistics And Transport Ventures Ltd is an investment holding company. It operates in three segments: Integrated freight forwarding services segment, which provides non-vessel operating common carriers (NVOCC) and freight forwarding services; Logistics center and related services segment provides warehousing and container depot services; Land transportation services segment provides land transportation services; Flexitank solution & related services segment provides flexitank solution and related services; and Fourth-party Logistics (4PL) services. The company's geographical segments include China, Indonesia, Malaysia, Netherlands, Singapore, South Korea, Thailand, Vietnam, and Others, of which maximum revenue comes from Malaysia.
Executives
2926 Holdings Limited 2103 Interests held jointly with another person
Chan Kong Yew
Kwan Siew Deeg
Lo Shing Ping
Tan Jyh Yaong

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