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CSSC (Hong Kong) Shipping Co (HKSE:03877) Total Current Liabilities : HK$1,164 Mil (As of Jun. 2024)


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What is CSSC (Hong Kong) Shipping 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. CSSC (Hong Kong) Shipping Co's total current liabilities for the quarter that ended in Jun. 2024 was HK$1,164

CSSC (Hong Kong) Shipping Co Total Current Liabilities Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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.

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CSSC (Hong Kong) Shipping Co Total Current Liabilities Chart

CSSC (Hong Kong) Shipping Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 719.58 726.12 826.95 1,060.34 856.97

CSSC (Hong Kong) Shipping Co Semi-Annual Data
Dec16 Dec17 Jun18 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 Premium Member Only 1,474.72 1,060.34 1,662.35 856.97 1,164.00

CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co'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
=851.805+0
+Other Current Liabilities+Current Deferred Liabilities
=5.1610000000001+0
=857

CSSC (Hong Kong) Shipping Co'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
=1164.003+0
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=1,164

* 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

CSSC (Hong Kong) Shipping Co Total Current Liabilities Related Terms

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CSSC (Hong Kong) Shipping Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:01341 HKSE:01848 HKSE:00254 HKSE:00936 HKSE:01496 HKSE:08425 HKSE:01581 HKSE:08612 HKSE:02588 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 R
Traded in Other Exchanges
3LL:Germany
Address
19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG
Website
https://www.csscshipping.net
CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides vessel leasing services to the customers with the options of finance lease and operating lease. Geographically, the company generates revenue from customers mainly located in the PRC, Asia, United States, and Europe.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Re Asset Management (hong Kong) Company Limited 2102 Investment manager
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Cssc International Holding Company Limited 2101 Beneficial owner
State-owned Assets Supervision And Administration Commission 2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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