Hans Energy Co (HKSE:00554) Cash And Cash Equivalents : HK$374.9 Mil (As of Dec. 2023)

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What is Hans Energy Co Cash And Cash Equivalents?

Hans Energy Co's quarterly cash and cash equivalents increased from Dec. 2022 (HK$162.30 Mil) to Jun. 2023 (HK$193.34 Mil) and increased from Jun. 2023 (HK$193.34 Mil) to Dec. 2023 (HK$374.86 Mil).

Hans Energy Co's annual cash and cash equivalents increased from Dec. 2021 (HK$63.12 Mil) to Dec. 2022 (HK$162.30 Mil) and increased from Dec. 2022 (HK$162.30 Mil) to Dec. 2023 (HK$374.86 Mil).

Hans Energy Co Cash And Cash Equivalents Historical Data

The historical data trend for Hans Energy Co'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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Hans Energy Co Cash And Cash Equivalents Chart

Hans Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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974.51

285.87

63.12

162.30

374.86

Hans Energy Co 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															63.12	247.53	162.30	193.34	374.86

Hans Energy Co 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.

Hans Energy Co (HKSE:00554) 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.

Hans Energy Co Cash And Cash Equivalents Related Terms

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Hans Energy Co (HKSE:00554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hans Energy Co Ltd (HKSE:00554) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Harbour Road, Unit 2608, 26th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.hansenergy.com

Hans Energy Co Ltd is an operator in the provision of terminal and storage facilities and services for liquid petrochemical products in South China. The company provides integrated facilities of jetties, storage tanks, warehousing, and logistics services. Its reporting segments are Trading, Terminal storage, and Retail. It derives key revenue from the Trading segment which represents the group's trading of oil and petrochemical products business carried out in the PRC and Hong Kong.

Executives

An David	2101 Beneficial owner
Julius Baer Family Office & Trust Ltd.
Vand Petro-chemicals (bvi) Company Ltd.	2101 Beneficial owner
Extreme Wise Investments Limited	2101 Beneficial owner

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