Virtual Mind Holding Co (HKSE:01520) Cash And Cash Equivalents : HK$24.56 Mil (As of Dec. 2023)

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What is Virtual Mind Holding Co Cash And Cash Equivalents?

Virtual Mind Holding Co's quarterly cash and cash equivalents increased from Dec. 2022 (HK$11.21 Mil) to Jun. 2023 (HK$24.34 Mil) and increased from Jun. 2023 (HK$24.34 Mil) to Dec. 2023 (HK$24.56 Mil).

Virtual Mind Holding Co's annual cash and cash equivalents declined from Dec. 2021 (HK$14.29 Mil) to Dec. 2022 (HK$11.21 Mil) but then increased from Dec. 2022 (HK$11.21 Mil) to Dec. 2023 (HK$24.56 Mil).

Virtual Mind Holding Co Cash And Cash Equivalents Historical Data

The historical data trend for Virtual Mind Holding 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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Virtual Mind Holding Co Cash And Cash Equivalents Chart

Virtual Mind Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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101.00

78.55

14.29

11.21

24.56

Virtual Mind Holding 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															14.29	17.88	11.21	24.34	24.56

Virtual Mind Holding 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.

Virtual Mind Holding Co (HKSE:01520) 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.

Virtual Mind Holding Co Cash And Cash Equivalents Related Terms

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Virtual Mind Holding Co (HKSE:01520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of revenue from The PRC and also has a presence in Hong Kong and The USA.

Executives

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Anli Investment Fund Spc-anli Greater China Opportunity Fund Segregated Portfolio	2101 Beneficial owner
Yu Chunfeng	2101 Beneficial owner
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Wong Kin Ting	2501 Other
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Zeng Ge	2201 Interest of corporation controlled by you
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Anli Holdings Limited	2201 Interest of corporation controlled by you
Anli Asset Management Limited	2102 Investment manager
Baolingbao Biology Co.,ltd.	2201 Interest of corporation controlled by you
Li Shao Yu
Blb International Company Limited	2101 Beneficial owner

Virtual Mind Holding Co (HKSE:01520) Headlines

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