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Ming Yuan Cloud Group Holdings (HKSE:00909) Total Current Liabilities : HK$871 Mil (As of Dec. 2023)


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What is Ming Yuan Cloud Group Holdings Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Ming Yuan Cloud Group Holdings's total current liabilities for the quarter that ended in Dec. 2023 was HK$871

Ming Yuan Cloud Group Holdings Total Current Liabilities Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings'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.

Ming Yuan Cloud Group Holdings Total Current Liabilities Chart

Ming Yuan Cloud Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 1,017.78 999.74 1,161.35 983.52 870.90

Ming Yuan Cloud Group Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,161.35 958.50 983.52 795.22 870.90

Ming Yuan Cloud Group Holdings Total Current Liabilities Calculation

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

Ming Yuan Cloud Group Holdings'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
=51.154+46.632
+Other Current Liabilities+Current Deferred Liabilities
=773.11+0
=871

Ming Yuan Cloud Group Holdings'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
=51.154+46.632
+Other Current Liabilities+Current Deferred Liabilities
=773.11+0
=871

* 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

Ming Yuan Cloud Group Holdings Total Current Liabilities Related Terms

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Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » Total Current Liabilities
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HKSE:01675 HKSE:03738 HKSE:02013 HKSE:01782 HKSE:09911 HKSE:09669 HKSE:06610 HKSE:00596 HKSE:08083 HKSE:01450 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN
Website
https://www.mingyuanyun.com
Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.
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Gao Yu 2307 Founder of a discretionary trust who can infl
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Mytongrui Holdings Limited 2201 Interest of corporation controlled by you
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Tmf Trust (hk) Limited 2301 Trustee
Jiang Haiyang 2307 Founder of a discretionary trust who can infl
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Hengxinyuan Investment Limited 2101 Beneficial owner
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