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Virtual Mind Holding Co (HKSE:01520) Total Current Liabilities : HK$39.05 Mil (As of Dec. 2023)


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What is Virtual Mind Holding 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. Virtual Mind Holding Co's total current liabilities for the quarter that ended in Dec. 2023 was HK$39.05

Virtual Mind Holding Co Total Current Liabilities Historical Data

The historical data trend for Virtual Mind Holding 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.

* Premium members only.

Virtual Mind Holding Co Total Current Liabilities Chart

Virtual Mind Holding 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 42.88 43.95 37.64 53.86 39.05

Virtual Mind Holding Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 37.64 31.09 53.86 33.28 39.05

Virtual Mind Holding 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.

Virtual Mind Holding 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
=20.221+6.483
+Other Current Liabilities+Current Deferred Liabilities
=12.344+0
=39.05

Virtual Mind Holding Co'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
=20.221+6.483
+Other Current Liabilities+Current Deferred Liabilities
=12.344+0
=39.05

* 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

Virtual Mind Holding Co Total Current Liabilities Related Terms

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Virtual Mind Holding Co (HKSE:01520) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:08041 HKSE:00122 HKSE:01388 HKSE:03322 HKSE:00294 HKSE:01532 HKSE:08297 HKSE:00844 HKSE:00918 HKSE:01146 OSTO:HM B MIL:MONC RL VFC WAR:LPP LEVI BOM:532827 TSX:GIL SHSE:600398 PVH
Traded in Other Exchanges
N/A
Address
538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Website
https://www.vmh.com.hk
Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of revenue from The PRC and also has a presence in Hong Kong and The USA.
Executives
Vc International Asset Management Limited 2102 Investment manager
Anli Investment Fund Spc-anli Greater China Opportunity Fund Segregated Portfolio 2101 Beneficial owner
Yu Chunfeng 2101 Beneficial owner
King Castle Enterprises Limited 2501 Other
Wong Kin Ting 2501 Other
King Castle Enterprises Limited 2101 Beneficial owner
Dreamtoys Ltd 2101 Beneficial owner
Zeng Ge 2201 Interest of corporation controlled by you
Vc Financial Group Limited 2201 Interest of corporation controlled by you
Value Convergence Holdings Limited 2201 Interest of corporation controlled by you
Anli Holdings Limited 2201 Interest of corporation controlled by you
Anli Asset Management Limited 2102 Investment manager
Baolingbao Biology Co.,ltd. 2201 Interest of corporation controlled by you
Li Shao Yu
Blb International Company Limited 2101 Beneficial owner

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