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King Resources (King Resources) Total Current Liabilities : $2.96 Mil (As of Dec. 2023)


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What is King Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. King Resources's total current liabilities for the quarter that ended in Dec. 2023 was $2.96

King Resources Total Current Liabilities Historical Data

The historical data trend for King Resources'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.

King Resources Total Current Liabilities Chart

King Resources Annual Data
Trend Oct99 Oct00 Mar21 Mar22 Mar23
Total Current Liabilities
- 0.62 1.85 1.89 2.72

King Resources Quarterly Data
Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.75 2.72 2.76 2.98 2.96

King Resources Total Current Liabilities Calculation

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

King Resources's Total Current Liabilities for the fiscal year that ended in Mar. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=2.403+0.034
+Other Current Liabilities+Current Deferred Liabilities
=-0.00099999999999989+0.287
=2.72

King Resources'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
=2.671+0.003
+Other Current Liabilities+Current Deferred Liabilities
=0.0010000000000003+0.288
=2.96

* 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

King Resources Total Current Liabilities Related Terms

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King Resources (King Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » King Resources Inc (OTCPK:KRFG) » Definitions » Total Current Liabilities
Comparable Companies
COUV DCFCQ IMHC PWDY BSTK CAPC DLYT OZSC NXU POLA SZSE:300750 XSWX:ABBN VRT TSE:6503 XPAR:LR BKK:DELTA SZSE:300124 SZSE:300274 HUBB XKRX:247540
Traded in Other Exchanges
N/A
Address
26-28 Au Pui Wan Street, Unit 1813, 18th Floor, Fo Tan Industrial Centre, Fo Tan, Hong Kong, HKG
Website
https://www.powertechcorp.com
King Resources Inc is engaged primarily in the development of smart power supply solutions and products in Hong Kong. The company focuses on research and development solutions, sales of own brand smart power supply products, and development of IoT products across our smart home, smart office and smart fitness ecosystem.
Executives
Lo Mei Fan Pauline director UNIT 1813, 18/F, FO TAN INDUSTRIAL CTR, 26-28 AU PUI WAN STREET, FO TAN K3 00000
Wong Kan Tat Frederick director UNIT 1813, 18/F, FO TAN INDUSTRIAL CTR, 26-28 AU PUI WAN STREET, FO TAN K3 00000
Ping Kee Lau director, officer: CFO and Director FLAT C5, 26/F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Silver Bloom Properties Ltd 10 percent owner UNIT 1813,18/F, FO TAN INDUSTRIAL CENTRE, 26-28 AU PUI WANT STREET, FO TAN K3 00000
Wah Fu director, 10 percent owner, officer: CEO, Secretary and Director UNIT 1813,18/F, FO TAN INDUSTRIAL CENTRE, 26-28 AU PUI WAN STREET, FO TAN K3 00000