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Goertek (SZSE:002241) Total Current Liabilities

: ¥33,442 Mil (As of Dec. 2023)
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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Goertek's total current liabilities for the quarter that ended in Dec. 2023 was ¥33,442

Goertek Total Current Liabilities Historical Data

The historical data trend for Goertek'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.

Goertek Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17,557.76 22,848.62 29,802.98 42,721.07 33,442.09

Goertek 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 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 Premium Member Only Premium Member Only Premium Member Only 42,721.07 33,783.34 33,489.87 38,764.54 33,442.09

Goertek Total Current Liabilities Calculation

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

Goertek'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
=23548.495+6286.661
+Other Current Liabilities+Current Deferred Liabilities
=3606.935+0
=33,442

Goertek'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
=23548.495+6286.661
+Other Current Liabilities+Current Deferred Liabilities
=3606.935+0
=33,442

* 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

Goertek Total Current Liabilities Related Terms

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Goertek (SZSE:002241) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goertek Inc (SZSE:002241) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
No. 268 Dongfang Road, New and High Technology Industrial Development Zone, Weifang, Shandong, CHN, 261031
Website
http://www.goertek.com
Goertek Inc is engaged in precision components like acoustics, sensors, optoelectronics, 3D package modules, augmented reality, smart wear, and intelligent audio.

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