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Canggang Railway (HKSE:02169) Total Current Liabilities : HK$284.6 Mil (As of Dec. 2023)


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What is Canggang Railway Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Canggang Railway's total current liabilities for the quarter that ended in Dec. 2023 was HK$284.6

Canggang Railway Total Current Liabilities Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway Total Current Liabilities Chart

Canggang Railway Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 451.30 251.49 323.74 287.79 284.62

Canggang Railway Semi-Annual Data
Dec17 Dec18 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 323.74 247.34 287.79 253.66 284.62

Canggang Railway Total Current Liabilities Calculation

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

Canggang Railway'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
=55.819+221.023
+Other Current Liabilities+Current Deferred Liabilities
=7.78+0
=284.6

Canggang Railway'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
=55.819+221.023
+Other Current Liabilities+Current Deferred Liabilities
=7.78+0
=284.6

* 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

Canggang Railway Total Current Liabilities Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:00062 HKSE:01596 HKSE:01786 HKSE:00306 HKSE:00077 HKSE:03969 HKSE:03898 UNP TSX:CNR TSX:CP CSX NSC SHSE:601816 HKSE:00066 TSE:9022 TSE:9020 HKSE:01766 WAB SHSE:601006 TSE:9021
Traded in Other Exchanges
N/A
Address
Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN
Website
https://www.czcgtl.com
Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.
Executives
Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si 2201 Interest of corporation controlled by you
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si 2501 Other
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
Zhang Lijie 2201 Interest of corporation controlled by you
Zhang Lihuan 2201 Interest of corporation controlled by you
Zhang Ning 2201 Interest of corporation controlled by you
Zhang Ruiqiu 2201 Interest of corporation controlled by you
Zhang Weiwei 2202 Interest of your spouse
Zhang Xiaogeng 2201 Interest of corporation controlled by you
Zhang Xiaosuo 2201 Interest of corporation controlled by you
Zhang Xiaoxia 2202 Interest of your spouse
Zhang Yanfeng 2201 Interest of corporation controlled by you
Zhou Qiuju 2202 Interest of your spouse

Canggang Railway (HKSE:02169) Headlines

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