Labixiaoxin Snacks Group (HKSE:01262) Cash And Cash Equivalents : HK$48.5 Mil (As of Dec. 2023)

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What is Labixiaoxin Snacks Group Cash And Cash Equivalents?

Labixiaoxin Snacks Group's quarterly cash and cash equivalents declined from Dec. 2022 (HK$80.27 Mil) to Jun. 2023 (HK$73.04 Mil) but then stayed the same from Jun. 2023 (HK$73.04 Mil) to Dec. 2023 (HK$48.48 Mil).

Labixiaoxin Snacks Group's annual cash and cash equivalents declined from Dec. 2021 (HK$98.65 Mil) to Dec. 2022 (HK$80.27 Mil) and declined from Dec. 2022 (HK$80.27 Mil) to Dec. 2023 (HK$48.48 Mil).

Labixiaoxin Snacks Group Cash And Cash Equivalents Historical Data

The historical data trend for Labixiaoxin Snacks 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.

* Premium members only.

Labixiaoxin Snacks Group Cash And Cash Equivalents Chart

Labixiaoxin Snacks Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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27.63

306.84

98.65

80.27

48.48

Labixiaoxin Snacks 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															98.65	102.78	80.27	73.04	48.48

Labixiaoxin Snacks 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.

Labixiaoxin Snacks Group (HKSE:01262) 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.

Labixiaoxin Snacks Group Cash And Cash Equivalents Related Terms

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Labixiaoxin Snacks Group (HKSE:01262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Labixiaoxin Snacks Group Ltd (HKSE:01262) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Wuli Industrial Area, Fujian, Jinjiang, CHN

Website

https://www.lbxxgroup.com

Labixiaoxin Snacks Group Ltd is a China-based investment holding company principally engaged in the manufacturing and sales of snack products. The company operates through four business segments: Jelly Products, Confectionery Products, Beverages Products, and Other Snacks Products. The company's maximum earning segment is Jelly products segment which include jelly snacks and jelly beverages. It also markets other products, such as powdered milk tea. All of its operations are conducted in the PRC.

Executives

Alliance Food And Beverages (holding) Company Limited	2101 Beneficial owner
Zheng Yuhuan	2201 Interest of corporation controlled by you
Zheng Yushuang	2201 Interest of corporation controlled by you
Zheng Yu Long	2101 Beneficial owner
Li Hung Kong	2201 Interest of corporation controlled by you

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