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. Explore 001965 long-term asset investment ratio to see how much of total assets are deployed in long-term investments.

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. For the complete balance sheet picture, see 001965 total asset value.

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
Moog Inc NYSE:MOG-A	USA	$2.80 Billion
Cognex Corporation NASDAQ:CGNX	USA	$549.10 Million
Absa Group Ltd JSE:ABG	South Africa	ZAC1.97 Trillion
Subsea 7 S.A. OL:SUBC	Norway	Nkr4.03 Billion
Topbuild Corp NYSE:BLD	USA	$4.31 Billion
LIG Nex1 Co Ltd KO:079550	Korea	₩5.90 Trillion
China Spacesat Co Ltd SHG:600118	China	CN¥5.25 Billion
Maplebear Inc. NASDAQ:CART	USA	$941.00 Million

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. See Merchant Express Class A balance sheet independence to measure how much of total assets are equity-financed.

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

$9.94 Billion

CN¥67.95 Billion CNY

Market Cap Rank

#2244 Global

#236 in China

Share Price

CN¥10.00

Change (1 day)

+1.42%

52-Week Range

CN¥8.72 - CN¥10.70

All Time High

CN¥13.95