Shenzhen Fortune Trend Technology Co (SHSE:688318) Total Current Liabilities : ¥262.6 Mil (As of Mar. 2024)

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What is Shenzhen Fortune Trend 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. Shenzhen Fortune Trend Technology Co's total current liabilities for the quarter that ended in Mar. 2024 was ¥262.6

Shenzhen Fortune Trend Technology Co Total Current Liabilities Historical Data

The historical data trend for Shenzhen Fortune Trend 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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Shenzhen Fortune Trend Technology Co Total Current Liabilities Chart

Shenzhen Fortune Trend Technology Co Annual Data

Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23

Total Current Liabilities

Get a 7-Day Free Trial 106.36 140.17 162.74 189.20 196.66

Shenzhen Fortune Trend 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 176.40 150.84 177.14 196.66 262.59

Shenzhen Fortune Trend 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.

Shenzhen Fortune Trend 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

= 60.916 + 1.262

+ Other Current Liabilities + Current Deferred Liabilities

= 134.479 + 0

= 196.7

Shenzhen Fortune Trend 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

= 11.469 + 121.262

+ Other Current Liabilities + Current Deferred Liabilities

= 129.86 + 0

= 262.6

* 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

Shenzhen Fortune Trend Technology Co Total Current Liabilities Related Terms
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Shenzhen Fortune Trend Technology Co (SHSE:688318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Fortune Trend Technology Co Ltd (SHSE:688318) » Definitions » Total Current Liabilities

Comparable Companies

SZSE:002373 SHSE:603927 SHSE:688568 SZSE:300212 SZSE:000997 SZSE:002065 SZSE:300682 SHSE:600271 SZSE:300002 SHSE:688343 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP

Traded in Other Exchanges

N/A

Address

No. 10 Kaifeng Road, Meilin Street, Room 808, 8th Floor, Huachao Building, Meilin Community, Guangdong, Futian District, Shenzhen, CHN, 518049

Website

https://www.tdx.com.cn

Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.

Shenzhen Fortune Trend Technology Co (SHSE:688318) Headlines

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Shenzhen Fortune Trend 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															176.40	150.84	177.14	196.66	262.59

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	60.916	+	1.262
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	134.479	+	0
	=	196.7