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Maxicity Holdings (HKSE:02295) Total Current Liabilities : HK$23.0 Mil (As of Dec. 2023)


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What is Maxicity 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. Maxicity Holdings's total current liabilities for the quarter that ended in Dec. 2023 was HK$23.0

Maxicity Holdings Total Current Liabilities Historical Data

The historical data trend for Maxicity 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.

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Maxicity Holdings Total Current Liabilities Chart

Maxicity Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 20.29 33.78 31.92 35.74 23.02

Maxicity 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 31.92 21.32 35.74 44.60 23.02

Maxicity 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.

Maxicity 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
=21.328+0.465
+Other Current Liabilities+Current Deferred Liabilities
=1.226+0
=23.0

Maxicity 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
=21.328+0.465
+Other Current Liabilities+Current Deferred Liabilities
=1.226+0
=23.0

* 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

Maxicity Holdings Total Current Liabilities Related Terms

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Maxicity Holdings (HKSE:02295) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maxicity Holdings Ltd (HKSE:02295) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:00498 HKSE:02132 HKSE:00611 HKSE:01662 HKSE:01489 HKSE:00406 HKSE:08021 HKSE:08360 HKSE:08246 HKSE:01253 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
100 Granville Road, Harbour Crystal Centre, Unit 1A, 6th Floor, Tsim Sha Tsui, Hong Kong, HKG
Website
http://www.maxicity.com.hk
Maxicity Holdings Ltd is a slope works contractor in Hong Kong. The company's services include drilling and installation of soil nails; construction of retaining walls; installation of debris flow protection rigid barriers; construction of flexible barrier system; installation of raking drains; installation of wire meshes and mats for erosion control; construction of concrete maintenance stairway; and landscape softworks and establishment works. The group principally operates in Hong Kong.

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