Ruihe Data Technology Holdings (HKSE:03680) Cash, Cash Equivalents, Marketable Securities : HK$123.9 Mil (As of Dec. 2023)

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What is Ruihe Data Technology Holdings Cash, Cash Equivalents, Marketable Securities?

Ruihe Data Technology Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$16.88 Mil) to Jun. 2023 (HK$75.13 Mil) and increased from Jun. 2023 (HK$75.13 Mil) to Dec. 2023 (HK$123.88 Mil).

Ruihe Data Technology Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$26.88 Mil) to Dec. 2022 (HK$16.88 Mil) but then increased from Dec. 2022 (HK$16.88 Mil) to Dec. 2023 (HK$123.88 Mil).

Ruihe Data Technology Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ruihe Data Technology Holdings's Cash, Cash Equivalents, Marketable Securities 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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Ruihe Data Technology Holdings Cash, Cash Equivalents, Marketable Securities Chart

Ruihe Data Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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198.57

87.94

26.88

16.88

123.88

Ruihe Data Technology Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								26.88	35.07	16.88	75.13	123.88

Ruihe Data Technology Holdings Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Ruihe Data Technology Holdings (HKSE:03680) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Ruihe Data Technology Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Ruihe Data Technology Holdings (HKSE:03680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ruihe Data Technology Holdings Ltd (HKSE:03680) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cangqian Street, Room 4101, 41st Floor, Building 2, Euro-American Financial City, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.datamargin.com

Ruihe Data Technology Holdings Ltd formerly Suoxinda Holdings Ltd is engaged in the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as information technology maintenance and support services. It derives maximum revenue from Data solutions.

Executives

Xue Shouguang	2201 Interest of corporation controlled by you
Mindas Touch Global Limited	2101 Beneficial owner
Shen Zhen Shi Gao Sheng Da Lv You Qi Che Fu Wu You Xian Gong Si	2101 Beneficial owner
Wang Donglin	2201 Interest of corporation controlled by you
Treasure Tree Asia Holdings Co. Ltd	2101 Beneficial owner
Chen Weiping	2202 Interest of your spouse
Wu Xinlan	2202 Interest of your spouse
Chen Zhenping	2101 Beneficial owner
Wang Donglin	2101 Beneficial owner
Ideal Treasure Holdings Limited	2101 Beneficial owner
Wu Xiaohua	2201 Interest of corporation controlled by you
Chi Xianfang	2202 Interest of your spouse
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Song Hongtao	2101 Beneficial owner
Benefit Ocean Holdings Limited	2101 Beneficial owner

Ruihe Data Technology Holdings (HKSE:03680) Headlines

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