Lonking Holdings (HKSE:03339) Cash And Cash Equivalents : HK$3,796 Mil (As of Dec. 2023)

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What is Lonking Holdings Cash And Cash Equivalents?

Lonking Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$2,269.13 Mil) to Jun. 2023 (HK$4,019.77 Mil) but then stayed the same from Jun. 2023 (HK$4,019.77 Mil) to Dec. 2023 (HK$3,796.26 Mil).

Lonking Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$2,479.55 Mil) to Dec. 2022 (HK$2,269.13 Mil) but then increased from Dec. 2022 (HK$2,269.13 Mil) to Dec. 2023 (HK$3,796.26 Mil).

Lonking Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Lonking 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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Lonking Holdings Cash And Cash Equivalents Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,783.92

3,296.18

2,479.55

2,269.13

3,796.26

Lonking 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															2,479.55	2,962.96	2,269.13	4,019.77	3,796.26

Lonking 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.

Lonking Holdings (HKSE:03339) 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.

Lonking Holdings Cash And Cash Equivalents Related Terms

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Lonking Holdings (HKSE:03339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (HKSE:03339) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

C9IB:Germany C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

Executives

Li San Yim	2202 Interest of your spouse
Ngai Ngan Ying	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Ngai Ngan Ying	2101 Beneficial owner

Lonking Holdings (HKSE:03339) Headlines

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