Shenzhen Expressway (SHSE:600548) Total Liabilities: ¥38,423 Mil (As of Mar. 2026)


SHSE:600548 Shenzhen Expressway Corp Ltd SHSE:600548
67 GF Score
Price ¥8.64
GF Value ¥9.71
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Shenzhen Expressway Total Liabilities?

Shenzhen Expressway SHSE:600548 -0.69% 67 Total Liabilities is ¥38,423 Mil as of Mar. 2026. GuruFocus rates SHSE:600548 with a GF Score™ of 67/100 and a GF Value™ of ¥9.71 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Shenzhen Expressway's Total Liabilities for the quarter that ended in Mar. 2026 was ¥38,423 Mil.

Shenzhen Expressway's quarterly Total Liabilities increased from Sep. 2025 (¥38,496.42 Mil) to Dec. 2025 (¥39,236.67 Mil) but then declined from Dec. 2025 (¥39,236.67 Mil) to Mar. 2026 (¥38,422.98 Mil).

Shenzhen Expressway's annual Total Liabilities increased from Dec. 2023 (¥39,508.79 Mil) to Dec. 2024 (¥40,356.46 Mil) but then declined from Dec. 2024 (¥40,356.46 Mil) to Dec. 2025 (¥39,236.67 Mil).

Shenzhen Expressway Total Liabilities Historical Data

* Premium members only.

The historical data trend for Shenzhen Expressway's Total 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.

Shenzhen Expressway Total Liabilities Chart

Shenzhen Expressway Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40,772.36 41,840.56 39,508.79 40,356.46 39,236.67

Shenzhen Expressway Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total 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 40,760.13 39,813.77 38,496.42 39,236.67 38,422.98
SHSE:600548
67GF Score
Shenzhen Expressway Corp Ltd SHSE:600548
Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Expressway Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Shenzhen Expressway's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=16799.326+(20435.281+1498.824
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+503.237)
=39,237

Total Liabilities=Total Assets (A: Dec. 2025 )-Total Equity (A: Dec. 2025 )
=71289.15-32052.482
=39,237

Shenzhen Expressway's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=16065.445+(20437.464+1416.604
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+503.237)
=38,423

Total Liabilities=Total Assets (Q: Mar. 2026 )-Total Equity (Q: Mar. 2026 )
=70971.412-32548.436
=38,423

* 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.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of ¥38,423 Mil mean?
Shenzhen Expressway (SHSE:600548) has a Total Liabilities of ¥38,423 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Shenzhen Expressway and its competitors.
Is Shenzhen Expressway's Total Liabilities too high?
Shenzhen Expressway's current Total Liabilities is ¥38,423 Mil. Overall, Shenzhen Expressway has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Expressway's Total Liabilities compare to competitors?
Shenzhen Expressway's Total Liabilities of ¥38,423 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for a Construction company?
A good Total Liabilities depends on the Construction industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Shenzhen Expressway and its competitors. Shenzhen Expressway's current Total Liabilities is ¥38,423 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Expressway stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Expressway (SHSE:600548) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.71, compared to a current price of ¥8.64 — trading 11% below its estimated fair value. The current Total Liabilities is ¥38,423 Mil. Shenzhen Expressway's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Shenzhen Expressway (SHSE:600548), the current Total Liabilities is ¥38,423 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shenzhen Expressway (SHSE:600548) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued. The current stock price of ¥8.64 is trading 11% below its estimated GF Value™ of ¥9.71. GuruFocus considers Shenzhen Expressway to be Modestly Undervalued.

Key valuation signals for SHSE:600548:

  • Total Liabilities: ¥38,423 Mil
  • GF Value™: ¥9.71 vs. price of ¥8.64 (11% below fair value)
  • GF Score™: 67/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shenzhen Expressway Business Description

Other Exchanges 00548:Hong KongSHZH:Germany
Address Shennan Avenue, No. 9968, Hanking Centre, 46th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.
67GF Score

Get the complete analysis for SHSE:600548

Total Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥8.64
Price
¥9.71
GF Value