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Persistence Resources Group (HKSE:02489) Total Current Liabilities : HK$194.8 Mil (As of Dec. 2023)


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What is Persistence Resources Group Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Persistence Resources Group's total current liabilities for the quarter that ended in Dec. 2023 was HK$194.8

Persistence Resources Group Total Current Liabilities Historical Data

The historical data trend for Persistence Resources Group'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.

Persistence Resources Group Total Current Liabilities Chart

Persistence Resources Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
267.93 221.99 163.52 194.79

Persistence Resources Group Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial 221.99 - 163.52 185.26 194.79

Persistence Resources Group Total Current Liabilities Calculation

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

Persistence Resources Group'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
=146.782+32.813
+Other Current Liabilities+Current Deferred Liabilities
=15.192+0
=194.8

Persistence Resources Group'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
=146.782+32.813
+Other Current Liabilities+Current Deferred Liabilities
=15.192+0
=194.8

* 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

Persistence Resources Group Total Current Liabilities Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Total Current Liabilities
Comparable Companies
Traded in Other Exchanges
N/A
Address
199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG
Website
http://www.persistenceresource.com
Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.
Executives
Majestic Gold Corp. 2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

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