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China Oilfield Services (HKSE:02883) Total Current Liabilities : HK$23,916 Mil (As of Mar. 2024)


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What is China Oilfield Services Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. China Oilfield Services's total current liabilities for the quarter that ended in Mar. 2024 was HK$23,916

China Oilfield Services Total Current Liabilities Historical Data

The historical data trend for China Oilfield Services'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.

China Oilfield Services Total Current Liabilities Chart

China Oilfield Services 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 22,064.54 20,005.27 26,948.97 23,776.98 25,555.74

China Oilfield Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 23,373.48 24,300.40 24,338.53 25,555.74 23,916.23

China Oilfield Services Total Current Liabilities Calculation

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

China Oilfield Services'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
=17320.707+6442.546
+Other Current Liabilities+Current Deferred Liabilities
=1792.485+0
=25,556

China Oilfield Services's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=16233.61+5851.605
+Other Current Liabilities+Current Deferred Liabilities
=1831.019+0
=23,916

* 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

China Oilfield Services Total Current Liabilities Related Terms

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China Oilfield Services (HKSE:02883) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oilfield Services Ltd (HKSE:02883) » Definitions » Total Current Liabilities
Comparable Companies
SHSE:600968 SZSE:002353 SHSE:600583 SHSE:600339 SHSE:603619 SZSE:000852 SHSE:603800 SZSE:300191 SHSE:603727 SZSE:300471 SLB BKR HAL MIL:TEN FTI WFRD NOV CHX TDW XPAR:GTT
Traded in Other Exchanges
CHOLF:USA CO9:Germany 601808:China
Address
201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201
Website
https://www.cosl.com.cn
China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments; the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.
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Fidelity Funds 2101 Beneficial owner
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