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Tung Ho Steel Enterprise (LUX:TNGHS) Total Current Liabilities : $810 Mil (As of Mar. 2024)


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What is Tung Ho Steel Enterprise Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Tung Ho Steel Enterprise's total current liabilities for the quarter that ended in Mar. 2024 was $810

Tung Ho Steel Enterprise Total Current Liabilities Historical Data

The historical data trend for Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise Total Current Liabilities Chart

Tung Ho Steel Enterprise 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 517.88 489.87 828.66 737.47 740.66

Tung Ho Steel Enterprise 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 849.69 770.65 778.42 740.66 809.60

Tung Ho Steel Enterprise Total Current Liabilities Calculation

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

Tung Ho Steel Enterprise'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
=190.214+452.331
+Other Current Liabilities+Current Deferred Liabilities
=98.115+0
=741

Tung Ho Steel Enterprise'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
=269.677+444.459
+Other Current Liabilities+Current Deferred Liabilities
=95.465+0
=810

* 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

Tung Ho Steel Enterprise Total Current Liabilities Related Terms

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Tung Ho Steel Enterprise (LUX:TNGHS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (LUX:TNGHS) » Definitions » Total Current Liabilities
Comparable Companies
TPE:2015 TPE:2014 TPE:2023 ROCO:5009 ROCO:9957 TPE:2031 TPE:2027 TPE:2034 ROCO:2035 TPE:2010 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
2006:Taiwan
Address
Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441
Website
https://www.tunghosteel.com
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

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