Huajin International Holdings (HKSE:02738) Cash And Cash Equivalents : HK$108 Mil (As of Dec. 2023)

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What is Huajin International Holdings Cash And Cash Equivalents?

Huajin International Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$17.97 Mil) to Jun. 2023 (HK$52.05 Mil) and increased from Jun. 2023 (HK$52.05 Mil) to Dec. 2023 (HK$107.61 Mil).

Huajin International Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$27.61 Mil) to Dec. 2022 (HK$17.97 Mil) but then increased from Dec. 2022 (HK$17.97 Mil) to Dec. 2023 (HK$107.61 Mil).

Huajin International Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Huajin International 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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Huajin International Holdings Cash And Cash Equivalents Chart

Huajin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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43.06

54.81

27.61

17.97

107.61

Huajin International Holdings Semi-Annual Data
	Dec13	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															27.61	70.69	17.97	52.05	107.61

Huajin International 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.

Huajin International Holdings (HKSE:02738) 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.

Huajin International Holdings Cash And Cash Equivalents Related Terms

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Huajin International Holdings (HKSE:02738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huajin International Holdings Ltd (HKSE:02738) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsha Industrial Zone of Muzhou Town, Xinhui District, Guangdong Province, Jiangmen, CHN

Website

https://www.huajin-hk.com

Huajin International Holdings Ltd is an investment holding company engaged in the cold-rolled steel processing business. It is involved in the processing of hot-rolled steel coils into cold-rolled steel strips, sheets and welded steel tubes, and galvanized steel products. It provides processing, cutting, slitting, warehousing, and delivery services on customized cold-rolled steel products and galvanized steel products. It offers Cold-rolled steel products, Galvanized steel products, Hot-rolled steel products, and others. Its revenue is derived from customers located in the PRC and Southeast Asia, of which the main revenue is generated in the PRC.

Executives

Xu Songqing	2201 Interest of corporation controlled by you
Haiyi Limited	2101 Beneficial owner
Zhong Cheng International Limited	2101 Beneficial owner
Intrend Ventures Limited	2201 Interest of corporation controlled by you
Luo Canwen	2101 Beneficial owner

Huajin International Holdings (HKSE:02738) Headlines

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