Merchant Express Class A (001965) - Total Liabilities

Latest as of September 2025: CN¥76.50 Billion CNY ≈ $11.19 Billion USD

Based on the latest financial reports, Merchant Express Class A (001965) has total liabilities worth CN¥76.50 Billion CNY (≈ $11.19 Billion USD) as of September 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Also explore 001965 year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Merchant Express Class A - Total Liabilities Trend (2014–2024)

This chart illustrates how Merchant Express Class A's total liabilities have evolved over time, based on quarterly financial data. See 001965 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.

Merchant Express Class A Competitors by Total Liabilities

The table below lists competitors of Merchant Express Class A ranked by their total liabilities.

Company	Country	Total Liabilities
Medibank Private Ltd AU:MPL	Australia	AU$1.92 Billion
Deutsche Lufthansa AG F:LHAB	Germany	€36.68 Billion
Futu Holdings Ltd NASDAQ:FUTU	USA	$188.10 Billion
Federal Realty Investment Trust NYSE:FRT	USA	$5.53 Billion
News Corp A NASDAQ:NWSA	USA	$6.24 Billion
Orient Sec Co Ltd SHG:600958	China	CN¥431.65 Billion
Absa Group Ltd JSE:ABG	South Africa	ZAC1.97 Trillion
CSPC Pharmaceutical Group Limited F:CVG	Germany	€12.15 Billion

Liability Composition Analysis (2014–2024)

This chart breaks down Merchant Express Class A's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Merchant Express Class A stock valuation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	1.37	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	1.14	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.48	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Merchant Express Class A's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Merchant Express Class A (2014–2024)

The table below shows the annual total liabilities of Merchant Express Class A from 2014 to 2024.

Year	Total Liabilities	Change
2024-12-31	CN¥70.39 Billion ≈ $10.30 Billion	-6.58%
2023-12-31	CN¥75.34 Billion ≈ $11.03 Billion	+59.41%
2022-12-31	CN¥47.26 Billion ≈ $6.92 Billion	+35.04%
2021-12-31	CN¥35.00 Billion ≈ $5.12 Billion	+2.11%
2020-12-31	CN¥34.28 Billion ≈ $5.02 Billion	-7.30%
2019-12-31	CN¥36.98 Billion ≈ $5.41 Billion	+7.85%
2018-12-31	CN¥34.29 Billion ≈ $5.02 Billion	+82.28%
2017-12-31	CN¥18.81 Billion ≈ $2.75 Billion	+55.64%
2016-12-31	CN¥12.08 Billion ≈ $1.77 Billion	-45.78%
2015-12-31	CN¥22.29 Billion ≈ $3.26 Billion	+46.42%
2014-12-31	CN¥15.22 Billion ≈ $2.23 Billion	--

About Merchant Express Class A

SHE:001965 China Infrastructure Operations

Market Cap

$10.05 Billion

CN¥68.70 Billion CNY

Market Cap Rank

#2212 Global

#231 in China

Share Price

CN¥10.11

Change (1 day)

-5.51%

52-Week Range

CN¥8.72 - CN¥11.49

All Time High

CN¥13.95