Yuxing InfoTech Investment Holdings (HKSE:08005) Cash And Cash Equivalents : HK$81.7 Mil (As of Dec. 2023)

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What is Yuxing InfoTech Investment Holdings Cash And Cash Equivalents?

Yuxing InfoTech Investment Holdings's quarterly cash and cash equivalents declined from Jun. 2023 (HK$88.52 Mil) to Sep. 2023 (HK$0.00 Mil) but then increased from Sep. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$81.68 Mil).

Yuxing InfoTech Investment Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$335.53 Mil) to Dec. 2022 (HK$177.09 Mil) and declined from Dec. 2022 (HK$177.09 Mil) to Dec. 2023 (HK$81.68 Mil).

Yuxing InfoTech Investment Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Yuxing InfoTech Investment 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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Yuxing InfoTech Investment Holdings Cash And Cash Equivalents Chart

Yuxing InfoTech Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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272.89

122.84

335.53

177.09

81.68

Yuxing InfoTech Investment Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															177.09	-	88.52	-	81.68

Yuxing InfoTech Investment 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.

Yuxing InfoTech Investment Holdings (HKSE:08005) 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.

Yuxing InfoTech Investment Holdings Cash And Cash Equivalents Related Terms

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Yuxing InfoTech Investment Holdings (HKSE:08005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yuxing InfoTech Investment Holdings Ltd (HKSE:08005) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

YXGC:Germany

Address

No. 3609 Baishi Road, Unit 3310, Block A1, Building 9, Shenzhenwan Science and Technology Ecological Garden, District 2, Nanshan District, Shenzhen, CHN

Website

http://www.yuxing.com.cn

Yuxing InfoTech Investment Holdings Ltd is a China-based conglomerate that is mainly involved in the information home appliances business, investing, and trading. It operates in five segments. Information Home Appliances segment which derives majority revenue involves in the manufacture, sales, and distribution of information home appliances and complementary products to consumer markets. The Investing segment includes trading of securities and investing in financial instruments. The Leasing segment comprises leasing out of properties. The IDC segment consists of construction, operation, and leasing out of properties. The Other Operations segment refers to the trading of miscellaneous materials. It has a business presence mainly in Australia, the People's Republic of China, and Hong Kong.

Executives

Geely Group Limited	2201 Interest of corporation controlled by you
Li Shu Fu	2201 Interest of corporation controlled by you
Cong Yu	2201 Interest of corporation controlled by you
Cong Yu Company Limited	2201 Interest of corporation controlled by you
Foo Yatyan	2101 Beneficial owner
Honbridge Holdings Limited	2101 Beneficial owner
Hong Bridge Capital Limited	2101 Beneficial owner
He Xuechu	2101 Beneficial owner
Cedar Surplus Investments Limited	2201 Interest of corporation controlled by you
Unicorn Resources Inc.	2101 Beneficial owner
Zhu Weisha	2201 Interest of corporation controlled by you

Yuxing InfoTech Investment Holdings (HKSE:08005) Headlines

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