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Goldway Education Group (HKSE:08160) Total Current Liabilities : HK$11.04 Mil (As of Sep. 2024)


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What is Goldway Education 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. Goldway Education Group's total current liabilities for the quarter that ended in Sep. 2024 was HK$11.04


Goldway Education Group Total Current Liabilities Historical Data

The historical data trend for Goldway Education 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.

Goldway Education Group Total Current Liabilities Chart

Goldway Education Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.63 7.89 6.88 9.44 12.50

Goldway Education Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Sep24
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 9.44 - 7.62 12.50 11.04

Goldway Education 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.

Goldway Education Group's Total Current Liabilities for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.763+6.066
+Other Current Liabilities+Current Deferred Liabilities
=4.671+0
=12.50

Goldway Education Group's Total Current Liabilities for the quarter that ended in Sep. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=0.166+6.389
+Other Current Liabilities+Current Deferred Liabilities
=4.489+0
=11.04

* 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


Goldway Education Group Total Current Liabilities Related Terms

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Goldway Education Group Business Description

Traded in Other Exchanges
N/A
Address
Goodrich Shopping Arcade, Shop B10, 1st Floor, Tuen Mun, New Territories, Hong Kong, HKG
Goldway Education Group Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of tutoring services, franchising services, and management services in Hong Kong and the People's Republic of China (PRC). The group provides private tutoring services including primary and secondary tutoring services under the trade name of Logic Tutorial Centre and Pedagog Education Centre. Geographically it operates in Hong Kong and The PRC with the majority of revenue generated from The PRC.
Executives
Wealthy View Investment Holdings Limited 2101 Beneficial owner
Ip Sin Nam Ingrid 2201 Interest of corporation controlled by you
Rainbow Kingdom Limited 2101 Beneficial owner
Tao Wah Wai Calvin 2201 Interest of corporation controlled by you
Greet Harmony Global Limited 2101 Beneficial owner

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