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LC Logistics (HKSE:02490) Total Current Liabilities : HK$305 Mil (As of Dec. 2023)


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What is LC Logistics Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. LC Logistics's total current liabilities for the quarter that ended in Dec. 2023 was HK$305

LC Logistics Total Current Liabilities Historical Data

The historical data trend for LC Logistics'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.

LC Logistics Total Current Liabilities Chart

LC Logistics Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
242.71 766.72 564.02 304.87

LC Logistics Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Total Current Liabilities 242.71 766.72 564.02 304.87

LC Logistics Total Current Liabilities Calculation

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

LC Logistics'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
=224.761+61.082
+Other Current Liabilities+Current Deferred Liabilities
=19.028+0
=305

LC Logistics'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
=224.761+61.082
+Other Current Liabilities+Current Deferred Liabilities
=19.028+0
=305

* 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

LC Logistics Total Current Liabilities Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:02130 HKSE:03399 HKSE:02482 HKSE:01442 HKSE:00500 HKSE:08310 HKSE:06123 HKSE:08047 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
9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN
Website
http://www.burnasia.cn
LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.
Executives
Li Yan 2201 Interest of corporation controlled by you
Liu Quanxiang 2201 Interest of corporation controlled by you
Xu Xin 2201 Interest of corporation controlled by you
Grand Sailing Limited 2201 Interest of corporation controlled by you
Lecang Altitude Limited 2101 Beneficial owner
Glorious Sailing Limited 2101 Beneficial owner
Lecang Flourishing Limited 2101 Beneficial owner
Spring Wealth Limited 2201 Interest of corporation controlled by you
Lecang Shining Limited 2101 Beneficial owner
Peace Seaworld Limited 2201 Interest of corporation controlled by you

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