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Ninetowns Internet Technology Group Co (FRA:NQU) Total Current Liabilities : €40.57 Mil (As of Dec. 2013)


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What is Ninetowns Internet Technology Group 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. Ninetowns Internet Technology Group Co's total current liabilities for the quarter that ended in Dec. 2013 was €40.57

Ninetowns Internet Technology Group Co Total Current Liabilities Historical Data

The historical data trend for Ninetowns Internet Technology Group 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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Ninetowns Internet Technology Group Co Total Current Liabilities Chart

Ninetowns Internet Technology Group Co Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.20 4.05 6.19 9.30 40.57

Ninetowns Internet Technology Group Co Semi-Annual Data
Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.20 4.05 6.19 9.30 40.57

Ninetowns Internet Technology Group 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.

Ninetowns Internet Technology Group Co's Total Current Liabilities for the fiscal year that ended in Dec. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.484+0
+Other Current Liabilities+Current Deferred Liabilities
=33.3+3.79
=40.57

Ninetowns Internet Technology Group Co's Total Current Liabilities for the quarter that ended in Dec. 2013 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.484+0
+Other Current Liabilities+Current Deferred Liabilities
=33.3+3.79
=40.57

* 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

Ninetowns Internet Technology Group Co Total Current Liabilities Related Terms

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Ninetowns Internet Technology Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ninetowns Internet Technology Group Co Ltd (FRA:NQU) » Definitions » Total Current Liabilities
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TSE:3992 FNJN TSXV:MTLO WAR:DAT ASX:SEN ECRD TSE:4391 TSE:4784 LSE:BKS OHEL:SSH1V HKSE:08178 OSTO:CLAV OSTO:VERI TSE:3680 XMAD:AGIL XKRX:069410 NGM:BRIX ROCO:6690 ASX:XF1 XKRX:094860
Traded in Other Exchanges
N/A
Address
Website
http://www.ninetowns.com
Ninetowns Internet Technology Group Co Ltd was incorporated in the Cayman Islands as a limited liability company on February 8, 2002 as "Ninetowns Digital World Trade Technology Holdings Limited". It changed its name to "Ninetowns Digital World Trade One Technology Holdings Limited" on June 14, 2002 and then to "Ninetowns Digital World Trade Holdings Limited" on April 7, 2003. The Company is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Its enterprise software products consist of standardized, easy-to-install applications that simplify the declaration and approval process for international trade enterprises in China. Its enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. Through its software development services, it assists in the development and maintenance of the software systems used to process electronic filings by the PRC Inspections Administration and the data exchange platforms which serve as the interface between such systems and its enterprise software users.

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