Asia Energy logistics Group (HKSE:00351) Cash And Cash Equivalents : HK$14.5 Mil (As of Dec. 2023)

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What is Asia Energy logistics Group Cash And Cash Equivalents?

Asia Energy logistics Group's quarterly cash and cash equivalents increased from Dec. 2022 (HK$18.09 Mil) to Jun. 2023 (HK$19.19 Mil) but then stayed the same from Jun. 2023 (HK$19.19 Mil) to Dec. 2023 (HK$14.52 Mil).

Asia Energy logistics Group's annual cash and cash equivalents declined from Dec. 2021 (HK$53.38 Mil) to Dec. 2022 (HK$18.09 Mil) and declined from Dec. 2022 (HK$18.09 Mil) to Dec. 2023 (HK$14.52 Mil).

Asia Energy logistics Group Cash And Cash Equivalents Historical Data

The historical data trend for Asia Energy logistics Group's Cash And Cash Equivalents 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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Asia Energy logistics Group Cash And Cash Equivalents Chart

Asia Energy logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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8.41

76.75

53.38

18.09

14.52

Asia Energy logistics Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															53.38	31.59	18.09	19.19	14.52

Asia Energy logistics Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Asia Energy logistics Group (HKSE:00351) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Asia Energy logistics Group Cash And Cash Equivalents Related Terms

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Asia Energy logistics Group (HKSE:00351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Energy logistics Group Ltd (HKSE:00351) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

26 Harbour Road, China Resources Building, Room 2906, 29 Floor, Wanchai, Hong Kong, HKG

Website

https://www.aelg.com.hk

Asia Energy logistics Group Ltd operates through the Telecommunication related business and Shipping and logistics segments. The Shipping and logistics segment which generates the majority of the revenue focuses on investment in owning and operating vessels, coal shipment logistics services, acquisition, management, and operation of terminals, as well as related logistics operations.

Executives

Pang Yuet	2101 Beneficial owner
Jetport Development Limited	2101 Beneficial owner
Oriental Solar Group Limited	2101 Beneficial owner
King Castle Enterprises Limited
Vms Investment Group Limited	2101 Beneficial owner
Mak Siu Hang Viola	2201 Interest of corporation controlled by you
Wong Kin Ting	2101 Beneficial owner

Asia Energy logistics Group (HKSE:00351) Headlines

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