IT Tech Packaging (IT Tech Packaging) Total Current Liabilities : $21.42 Mil (As of Dec. 2023)

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What is IT Tech Packaging Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. IT Tech Packaging's total current liabilities for the quarter that ended in Dec. 2023 was $21.42

IT Tech Packaging Total Current Liabilities Historical Data

The historical data trend for IT Tech Packaging'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.

IT Tech Packaging Total Current Liabilities Chart

IT Tech Packaging Annual Data

Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23

Total Current Liabilities

Get a 7-Day Free Trial 16.84 18.34 20.43 17.64 21.42

IT Tech Packaging Quarterly Data

Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23

Total Current Liabilities Get a 7-Day Free Trial 17.64 18.13 17.30 12.03 21.42

IT Tech Packaging Total Current Liabilities Calculation

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

IT Tech Packaging'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

= 13.884 + 7.399

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0.136

= 21.42

IT Tech Packaging'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

= 13.884 + 7.399

+ Other Current Liabilities + Current Deferred Liabilities

= 0 + 0.136

= 21.42

* 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

IT Tech Packaging Total Current Liabilities Related Terms
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IT Tech Packaging (IT Tech Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » IT Tech Packaging Inc (AMEX:ITP) » Definitions » Total Current Liabilities

Comparable Companies

SGMD OHEL:UPM BSP:SUZB3 OHEL:STERV LSE:MNDI BUE:CELU OSTO:HOLM A BSP:KLBN3 XSGO:CMPC SZSE:002078 TSE:3861 ISX:INKP XLIS:NVG OSTO:BILL HKSE:02689 SLVM TPE:1907 TSE:3865 BOM:500040 SHSE:603733

Traded in Other Exchanges

N/A

Address

Science Park, Juli Road, Xushui District, Hebei Province, Baoding City, CHN, 072550

Website

https://www.itpackaging.cn

IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.

Executives

Zhenyong Liu director, 10 percent owner, officer: Chief Executive Officer C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550

Jing Hao officer: Chief Financial Officer SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550

Hon Wai Ku director SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000

Wenbing Wang director 21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020

Winston C Yen officer: Chief Financial Officer 345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071

Drew Bernstein director C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001

Zhaofang Wang director ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061

Fuzeng Liu director SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550

Xiaodong Liu director SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550

Chen Li director SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550

Dahong Zhou officer: Secretary SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550

Max Time Enterprise Ltd 10 percent owner PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031

Hui Ping Cheng director, 10 percent owner, officer: President C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107

IT Tech Packaging (IT Tech Packaging) Headlines

From GuruFocus

IT Tech Packaging, Inc. Reminds Stockholders of Importance of Voting at Annual Meeting of Stockholders to be held on November 12, 2021
By PRNewswire PRNewswire • 11-01-2021

IT Tech Packaging, Inc. to Announce Financial Results for Second Quarter Fiscal Year 2021 on August 10, 2021
By PRNewswire PRNewswire • 08-03-2021

IT Tech Packaging, Inc. Announces Effectiveness of Reverse Stock Split
By PRNewswire PRNewswire • 07-07-2022

IT Tech Packaging, Inc. Completes Fundamental Constructions on Its Third Tissue Paper Production Line
By PRNewswire PRNewswire • 04-20-2021

IT Tech Packaging, Inc. Announces Results of 2021 Annual General Meeting of Stockholders
By PRNewswire PRNewswire • 11-12-2021

IT Tech Packaging, Inc. Announces Notification of NYSE American Continued Listing Deficiency and Intention to Complete a Reverse Stock Split
By PRNewswire PRNewswire • 06-24-2022

IT Tech Packaging, Inc. Announces Its Tissue Paper R&D Center Receives Level B Scale-Above Certification as An Industrial R&D Enterprise Institution
By PRNewswire PRNewswire • 07-06-2021

IT Tech Packaging Stock Is Believed To Be Fairly Valued
By GF Value GF Value • 04-28-2021

IT Tech Packaging, Inc. to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on March 15, 2022
By PRNewswire PRNewswire • 03-08-2022

IT Tech Packaging, Inc. Announces Notification of NYSE American Continued Listing Deficiency and Intention to Complete a Reverse Stock Split
By PRNewswire PRNewswire • 07-04-2022

IT Tech Packaging Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Liabilities	Get a 7-Day Free Trial															17.64	18.13	17.30	12.03	21.42

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	13.884	+	7.399
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	0	+	0.136
	=	21.42

Zhenyong Liu	director, 10 percent owner, officer: Chief Executive Officer	C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550
Jing Hao	officer: Chief Financial Officer	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550
Hon Wai Ku	director	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000
Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Winston C Yen	officer: Chief Financial Officer	345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071
Drew Bernstein	director	C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001
Zhaofang Wang	director	ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061
Fuzeng Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Xiaodong Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Chen Li	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Dahong Zhou	officer: Secretary	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Max Time Enterprise Ltd	10 percent owner	PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031
Hui Ping Cheng	director, 10 percent owner, officer: President	C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107