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Minsheng Education Group Co (HKSE:01569) Total Current Liabilities : HK$3,698 Mil (As of Dec. 2024)


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What is Minsheng Education 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. Minsheng Education Group Co's total current liabilities for the quarter that ended in Dec. 2024 was HK$3,698

Minsheng Education Group Co Total Current Liabilities Historical Data

The historical data trend for Minsheng Education 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.

* Premium members only.

Minsheng Education Group Co Total Current Liabilities Chart

Minsheng Education Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,400.03 4,063.31 5,035.50 4,129.28 3,698.19

Minsheng Education Group Co Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Current Liabilities Get a 7-Day Free Trial 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 5,035.50 4,522.80 4,129.28 3,432.27 3,698.19

Minsheng Education 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.

Minsheng Education Group Co's Total Current Liabilities for the fiscal year that ended in Dec. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1330.719+1147.079
+Other Current Liabilities+Current Deferred Liabilities
=1220.392+0
=3,698

Minsheng Education Group Co's Total Current Liabilities for the quarter that ended in Dec. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1330.719+1147.079
+Other Current Liabilities+Current Deferred Liabilities
=1220.392+0
=3,698

* 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

Minsheng Education Group Co Total Current Liabilities Related Terms

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Minsheng Education Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Minsheng Education Group Co Ltd (HKSE:01569) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:08195 HKSE:01756 HKSE:01565 HKSE:01851 HKSE:01082 HKSE:06913 HKSE:02779 HKSE:01525 HKSE:01563 HKSE:01317 EDU LRN TAL LOPE ATGE GHC LAUR SZSE:002607 HKSE:09636 STRA
Traded in Other Exchanges
N/A
Address
No.8 Jinze West Road, Floor 6, United Shanxi Merchants Tower, Fengtai District, Beijing, CHN, 100070
Website
http://www.minshengedu.com
Minsheng Education Group Co Ltd is an investment holding company that provides educational services in China through its subsidiary. The company operates several schools in China, including the Chongqing College of Humanities, Science, and Technology, Pass College of Chongqing Technology and Business University, Chongqing Vocational College of Applied Technology, and Others. Additionally, the company has invested in Beacon International College in Singapore and Hong Kong Nang Yan College of Higher Education in Hong Kong. The company is organized into two business units based on their services: on-campus education and online education, which are the two reportable operating segments. The on-campus education segment derives maximum revenue. Majority of the revenue is generated from PRC.
Executives
Li Xuechun 2201 Interest of corporation controlled by you
Min Sheng Ji Tuan You Xian Gong Si 2101 Beneficial owner
Li Xuechun 2201 Interest of corporation controlled by you
Pacific Climax Limited 2201 Interest of corporation controlled by you
Shen Zhen Hua Qiao Cheng Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Qiao Cheng Ya Zhou Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Qiao Cheng Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Chang Guo Ji You Xian Gong Si 2101 Beneficial owner
Hua Qin Fa Zhan You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Hua Qiao Cheng You Xian Gong Si 2201 Interest of corporation controlled by you

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