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Sumec (SHSE:600710) Total Current Liabilities : ¥39,679 Mil (As of Mar. 2024)


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What is Sumec Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Sumec's total current liabilities for the quarter that ended in Mar. 2024 was ¥39,679

Sumec Total Current Liabilities Historical Data

The historical data trend for Sumec'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.

Sumec Total Current Liabilities Chart

Sumec 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 29,294.51 31,577.21 38,091.87 37,538.69 36,521.44

Sumec 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 38,842.09 41,981.15 41,054.99 36,521.44 39,678.77

Sumec Total Current Liabilities Calculation

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

Sumec'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
=14573.27+3801.684
+Other Current Liabilities+Current Deferred Liabilities
=18146.487+0
=36,521

Sumec'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
=14205.292+4821.938
+Other Current Liabilities+Current Deferred Liabilities
=20651.536+0
=39,679

* 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

Sumec Total Current Liabilities Related Terms

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Sumec (SHSE:600710) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018
Website
http://www.sumec.com
Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.
Executives
Zhao Jian Guo senior management
Cai Ji Bo Director
Yang Guo Feng Supervisors
Peng Yuan Pu senior management
Jin Yong Chuan senior management
Yang Yong Qing Director
Gu Jian Su senior management
Chen Wei senior management
Wu Jian Ping Supervisors
Wang Wei Yan Director
Zou Jian Mao senior management
Jin Rong Hua Supervisors

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