Smoore International Holdings (Smoore International Holdings) Cash, Cash Equivalents, Marketable Securities : $2,264.36 Mil (As of Dec. 2023)

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What is Smoore International Holdings Cash, Cash Equivalents, Marketable Securities?

Smoore International Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($2,179.46 Mil) to Jun. 2023 ($2,095.21 Mil) but then increased from Jun. 2023 ($2,095.21 Mil) to Dec. 2023 ($2,264.36 Mil).

Smoore International Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($2,302.04 Mil) to Dec. 2022 ($2,179.46 Mil) but then increased from Dec. 2022 ($2,179.46 Mil) to Dec. 2023 ($2,264.36 Mil).

Smoore International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Smoore International 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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Smoore International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Smoore International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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104.28

1,461.59

2,302.04

2,179.46

2,264.36

Smoore International 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								2,302.04	2,148.23	2,179.46	2,095.21	2,264.36

Smoore International 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.

Smoore International Holdings (OTCPK:SMHRY) 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.

Smoore International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Smoore International Holdings (Smoore International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Smoore International Holdings Ltd (OTCPK:SMHRY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

SMORF:USA 06969:Hong Kong

Address

Gushu Community, Xixiang Street, No. 16, Dongcai Industrial Zone, Bao’an District, Guangdong, Shenzhen, CHN

Website

https://www.smooreholdings.com

Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system vaping devices and vaping components for tobacco companies and independent vaping companies, and research, design, manufacturing, and sale of self-branded open-system vaping devices, or APV, for retail clients and new business such as atomization in medical treatment to provide patients with inhalation drug delivery products on a basis of atomization technology. The company generates maximum revenue from Vaping devices and components, other than APV.