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Xiamen Jihong Technology Co (SZSE:002803) Total Current Liabilities : ¥804 Mil (As of Mar. 2024)


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What is Xiamen Jihong Technology Co Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Xiamen Jihong Technology Co's total current liabilities for the quarter that ended in Mar. 2024 was ¥804


Xiamen Jihong Technology Co Total Current Liabilities Historical Data

The historical data trend for Xiamen Jihong Technology Co'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.

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Xiamen Jihong Technology Co Total Current Liabilities Chart

Xiamen Jihong Technology Co 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 920.12 986.37 951.16 995.36 1,017.00

Xiamen Jihong Technology Co 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 875.85 816.07 742.90 1,017.00 804.27

Xiamen Jihong Technology Co Total Current Liabilities Calculation

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

Xiamen Jihong Technology Co'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
=870.458+128.054
+Other Current Liabilities+Current Deferred Liabilities
=18.492+0
=1,017

Xiamen Jihong Technology Co'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
=678.882+113.296
+Other Current Liabilities+Current Deferred Liabilities
=12.091+0
=804

* 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


Xiamen Jihong Technology Co Total Current Liabilities Related Terms

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Xiamen Jihong Technology Co (SZSE:002803) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Putou Road, Dongfu Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361027
Xiamen Jihong Technology Co Ltd provides integrated packing solutions in China. The company designs, pre-presses, produces and distributes various packaging products, including cardboard packing, corrugate packing, rigid box, and plastic packing products. Its business categories include fast-moving consumer goods (FMCG) packaging, food packaging, frozen food packaging, electronic goods packaging, and cushion sales packaging. Its products include folding boxes for high automation assembly, window patching boxes, cold and humidity resistant boxes, rigid boxes, displays, and plastic packing.
Executives
Zhuang Hao Directors, executives
Wang Ya Peng Director
Zhang He Ping Directors, executives
Zhuang Shu Directors, executives
Wang Hai Ying Supervisors

Xiamen Jihong Technology Co (SZSE:002803) Headlines

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