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Tongxin International (Tongxin International) Total Current Liabilities : $71.45 Mil (As of Dec. 2010)


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What is Tongxin International Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Tongxin International's total current liabilities for the quarter that ended in Dec. 2010 was $71.45

Tongxin International Total Current Liabilities Historical Data

The historical data trend for Tongxin International'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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Tongxin International Total Current Liabilities Chart

Tongxin International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec14
Total Current Liabilities
Get a 7-Day Free Trial 61.67 71.56 79.67 71.45 89.49

Tongxin International Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec14
Total Current Liabilities Get a 7-Day Free Trial 61.67 71.56 79.67 71.45 89.49

Tongxin International Total Current Liabilities Calculation

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

Tongxin International's Total Current Liabilities for the fiscal year that ended in Dec. 2010 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=44.67+26.648
+Other Current Liabilities+Current Deferred Liabilities
=0.127+0
=71.45

Tongxin International's Total Current Liabilities for the quarter that ended in Dec. 2010 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=44.67+26.648
+Other Current Liabilities+Current Deferred Liabilities
=0.127+0
=71.45

* 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

Tongxin International Total Current Liabilities Related Terms

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Tongxin International (Tongxin International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Total Current Liabilities
Comparable Companies
ASX:RPM BOM:513059 BOM:530369 AMTY ORSE:DPK1R BOM:530711 CSHEF BOM:513418 BOM:509148 BOM:538817 BOM:531929 OMTK BOM:505893 NSE:UWCSL BOM:505711 BOM:539040 BOM:523415 BSP:SNSY5 WAR:ORL CTIB
Traded in Other Exchanges
N/A
Address
Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135
Website
http://www.txicint.com
Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

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