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Quality Online Education Group (Quality Online Education Group) Total Current Liabilities : $5.28 Mil (As of May. 2023)


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What is Quality Online Education Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Quality Online Education Group's total current liabilities for the quarter that ended in May. 2023 was $5.28

Quality Online Education Group Total Current Liabilities Historical Data

The historical data trend for Quality Online Education Group'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.

Quality Online Education Group Total Current Liabilities Chart

Quality Online Education Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Aug13 Aug14 Aug21 Aug22
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 1.39 2.68 1.60 1.87

Quality Online Education Group Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
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 - 1.87 2.45 3.86 5.28

Quality Online Education Group Total Current Liabilities Calculation

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

Quality Online Education Group's Total Current Liabilities for the fiscal year that ended in Aug. 2022 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.313+0.161
+Other Current Liabilities+Current Deferred Liabilities
=2.2204460492503E-16+1.4
=1.87

Quality Online Education Group's Total Current Liabilities for the quarter that ended in May. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.817+0.442
+Other Current Liabilities+Current Deferred Liabilities
=0+4.023
=5.28

* 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

Quality Online Education Group Total Current Liabilities Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Total Current Liabilities
Comparable Companies
EEIQ GSUN EDTK CLEU FEDU LEAI GV WAFU TEDU BTCT AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN
Traded in Other Exchanges
N/A
Address
55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9
Website
https://www.qualityonline.education
Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.
Executives
Amanda Anderson director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek director 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso director, officer: Chief Operating Officer UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li director, officer: Chairman, CEO, CFO and Sec. UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR