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.

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 Merchant Express Class A short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

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
ICICI Lombard General Insurance Company Limited NSE:ICICIGI	India	Rs594.77 Billion
SUBARU CORP. ADR/1/2 F:FUH0	Germany	€2.46 Trillion
GameStop Corp. NYSE:GME	USA	$5.01 Billion
Confluent Inc NASDAQ:CFLT	USA	$1.82 Billion
Finning International Inc. TO:FTT	Canada	CA$5.01 Billion
JAPAN EX UN.ADR 1/2 O.N. F:OSKU	Germany	€78.82 Trillion
Formosa Chemicals & Fibre Corp TW:1326	Taiwan	NT$170.20 Billion
Jiangsu Yoke Technology Co Ltd SHE:002409	China	CN¥6.30 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 001965 market cap.

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

$9.62 Billion

CN¥65.71 Billion CNY

Market Cap Rank

#2326 Global

#278 in China

Share Price

CN¥9.67

Change (1 day)

+2.44%

52-Week Range

CN¥8.72 - CN¥12.18

All Time High

CN¥13.95