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SMC Electric (HKSE:02381) Total Current Liabilities : HK$54.0 Mil (As of Jun. 2024)


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What is SMC Electric Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. SMC Electric's total current liabilities for the quarter that ended in Jun. 2024 was HK$54.0

SMC Electric Total Current Liabilities Historical Data

The historical data trend for SMC Electric'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.

SMC Electric Total Current Liabilities Chart

SMC Electric Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 89.09 52.69 59.82 43.50 53.80

SMC Electric Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 56.76 43.50 45.17 53.80 54.02

SMC Electric Total Current Liabilities Calculation

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

SMC Electric'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
=22.973+3.596
+Other Current Liabilities+Current Deferred Liabilities
=27.234+0
=53.8

SMC Electric's Total Current Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=31.472+1.822
+Other Current Liabilities+Current Deferred Liabilities
=20.723+0
=54.0

* 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

SMC Electric Total Current Liabilities Related Terms

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SMC Electric Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » SMC Electric Ltd (HKSE:02381) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:01715 HKSE:01418 HKSE:08118 HKSE:00396 HKSE:01237 HKSE:02222 HKSE:00684 HKSE:08392 HKSE:08547 HKSE:00229 SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK
Traded in Other Exchanges
N/A
Address
12 Lee Chung Street, 1st Floor, Shell Industrial Building, Chai Wan, Hong Kong, HKG
Website
http://www.smcelectric.com.hk
SMC Electric Ltd is engaged in manufacturing and selling of electric tools and sourcing and selling of electric fans. The company sells a wide variety of products including, fans such as Ceiling fans, Wall-mounted fans, Stand up fans, Cordless fans and Orbital fans, Work lights, Vacuum cleaners and other electric tools. The operating segments of the group are SMC segment and Non-SMC segment. It derives key revenue from the Non-SMC segment which involves the development, designing, manufacturing and trading of electric tools and electric fans to customers under their respective brands. The group derives revenue from the Americas, Europe, Oceania, Africa and Asia.
Executives
Red Dynasty Investments Limited 2201 Interest of corporation controlled by you
Yung Kwok Kee Billy 2201 Interest of corporation controlled by you
Claudio Holdings Limited 2201 Interest of corporation controlled by you
Creator Holdings Limited 2201 Interest of corporation controlled by you
Hkc (holdings) Limited 2201 Interest of corporation controlled by you
Hong Kong Construction (hong Kong) Limited 2101 Beneficial owner
Oei Kang, Eric 2201 Interest of corporation controlled by you
Shell Electric Holdings Ltd 2101 Beneficial owner
Hsu Vivian 2202 Interest of your spouse

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