Sino Oil and Gas Holdings (HKSE:00702) Cash And Cash Equivalents : HK$81.3 Mil (As of Dec. 2023)

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What is Sino Oil and Gas Holdings Cash And Cash Equivalents?

Sino Oil and Gas Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$78.36 Mil) to Jun. 2023 (HK$66.23 Mil) but then increased from Jun. 2023 (HK$66.23 Mil) to Dec. 2023 (HK$81.33 Mil).

Sino Oil and Gas Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$13.80 Mil) to Dec. 2022 (HK$78.36 Mil) and increased from Dec. 2022 (HK$78.36 Mil) to Dec. 2023 (HK$81.33 Mil).

Sino Oil and Gas Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Sino Oil and Gas Holdings'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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Sino Oil and Gas Holdings Cash And Cash Equivalents Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3.73

60.90

13.80

78.36

81.33

Sino Oil and Gas Holdings 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															13.80	47.62	78.36	66.23	81.33

Sino Oil and Gas Holdings 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.

Sino Oil and Gas Holdings (HKSE:00702) 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.

Sino Oil and Gas Holdings Cash And Cash Equivalents Related Terms

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Sino Oil and Gas Holdings (HKSE:00702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Executives

China Lidai International Asset Investment Limited	2101 Beneficial owner
Top Resource & Lidai Investment Limited	2101 Beneficial owner
Dai Xiaobing	2201 Interest of corporation controlled by you
Tian Hao Neng Yuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Chen Jiajun
Liang Da Tou Zi You Xian Gong Si
Sino Oil And Gas Resources Limited
Lai Chun Lam
Zhang Victor Ri Chun
Zhuo Kun	2101 Beneficial owner
Zhang Yongdong	2101 Beneficial owner

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