Rykadan Capital (HKSE:02288) Cash And Cash Equivalents : HK$127.92 Mil (As of Sep. 2023)

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What is Rykadan Capital Cash And Cash Equivalents?

Rykadan Capital's quarterly cash and cash equivalents increased from Sep. 2022 (HK$115.38 Mil) to Mar. 2023 (HK$167.49 Mil) but then stayed the same from Mar. 2023 (HK$167.49 Mil) to Sep. 2023 (HK$127.92 Mil).

Rykadan Capital's annual cash and cash equivalents declined from Mar. 2021 (HK$369.79 Mil) to Mar. 2022 (HK$110.14 Mil) but then increased from Mar. 2022 (HK$110.14 Mil) to Mar. 2023 (HK$167.49 Mil).

Rykadan Capital Cash And Cash Equivalents Historical Data

The historical data trend for Rykadan Capital'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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Rykadan Capital Cash And Cash Equivalents Chart

Rykadan Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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435.77

242.09

369.79

110.14

167.49

Rykadan Capital 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															168.98	110.14	115.38	167.49	127.92

Rykadan Capital 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.

Rykadan Capital (HKSE:02288) 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.

Rykadan Capital Cash And Cash Equivalents Related Terms

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Rykadan Capital (HKSE:02288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rykadan Capital Ltd (HKSE:02288) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Rooms 2701 and 2801, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.rykadan.com

Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Chan William	2201 Interest of corporation controlled by you
Rykadan Holdings Limited	2201 Interest of corporation controlled by you
Scenemay Holdings Limited	2101 Beneficial owner
Tiger Crown Limited	2401 A concert party to an agreement to buy shares
Li Wing Yin	2201 Interest of corporation controlled by you
Li Chu Kwan	2201 Interest of corporation controlled by you
Ng Tak Kwan

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