China Health Group (HKSE:00673) Cash And Cash Equivalents : HK$3.26 Mil (As of Sep. 2023)

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What is China Health Group Cash And Cash Equivalents?

China Health Group's quarterly cash and cash equivalents declined from Sep. 2022 (HK$22.75 Mil) to Mar. 2023 (HK$11.48 Mil) but then stayed the same from Mar. 2023 (HK$11.48 Mil) to Sep. 2023 (HK$3.26 Mil).

China Health Group's annual cash and cash equivalents increased from Mar. 2021 (HK$4.59 Mil) to Mar. 2022 (HK$8.54 Mil) and increased from Mar. 2022 (HK$8.54 Mil) to Mar. 2023 (HK$11.48 Mil).

China Health Group Cash And Cash Equivalents Historical Data

The historical data trend for China Health 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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China Health Group Cash And Cash Equivalents Chart

China Health Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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29.93

10.25

4.59

8.54

11.48

China Health Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															5.02	8.54	22.75	11.48	3.26

China Health 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.

China Health Group (HKSE:00673) 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.

China Health Group Cash And Cash Equivalents Related Terms

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China Health Group (HKSE:00673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Health Group Ltd (HKSE:00673) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Des Voeux Road, Unit 801, 8th Floor, China Insurance Group Building, Central, Hong Kong, HKG

Website

http://www.ch-groups.com

China Health Group Ltd is an investment holding company. It is principally engaged in the distribution and service of medical equipment and consumables, provision of hospital operation and management service, and business factoring. It operates in the business in three segments Distribution and service in medical equipment and consumables; Hospital operation and management services and Business factoring service. It derives a majority of revenue from the Distribution and service in the medical equipment and consumables segment. Geographically the group's locations are located in the PRC.

Executives

Treasure Wagon Limited	2101 Beneficial owner
Zhang Fan	2201 Interest of corporation controlled by you
Best Robust Ventures Limited	2101 Beneficial owner
Sun Chunlei	2201 Interest of corporation controlled by you
Yang Huijun	2201 Interest of corporation controlled by you
Chg Victory Limited	2301 Trustee
Coral Point Global Limited	2101 Beneficial owner
Ye Zhankun	2201 Interest of corporation controlled by you

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