Edvantage Group Holdings (HKSE:00382) Cash And Cash Equivalents : HK$2,141 Mil (As of Aug. 2023)

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What is Edvantage Group Holdings Cash And Cash Equivalents?

Edvantage Group Holdings's quarterly cash and cash equivalents declined from Aug. 2022 (HK$1,520.74 Mil) to Feb. 2023 (HK$860.83 Mil) but then increased from Feb. 2023 (HK$860.83 Mil) to Aug. 2023 (HK$2,140.89 Mil).

Edvantage Group Holdings's annual cash and cash equivalents increased from Aug. 2021 (HK$955.79 Mil) to Aug. 2022 (HK$1,520.74 Mil) and increased from Aug. 2022 (HK$1,520.74 Mil) to Aug. 2023 (HK$2,140.89 Mil).

Edvantage Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Edvantage Group 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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Edvantage Group Holdings Cash And Cash Equivalents Chart

Edvantage Group Holdings Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

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1,501.38

1,326.60

955.79

1,520.74

2,140.89

Edvantage Group Holdings Semi-Annual Data
	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash And Cash Equivalents	Get a 7-Day Free Trial									955.79	662.10	1,520.74	860.83	2,140.89

Edvantage Group 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.

Edvantage Group Holdings (HKSE:00382) 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.

Edvantage Group Holdings Cash And Cash Equivalents Related Terms

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Edvantage Group Holdings (HKSE:00382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Edvantage Group Holdings Ltd (HKSE:00382) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huashang Road, Licheng Street, Zengcheng, Guangzhou, CHN

Website

https://www.edvantagegroup.com.hk

Edvantage Group is a leading private education group based in Greater Bay Area. Edvantage primarily offers higher education. It also provides secondary vocational education and non-formal vocational education service.Edvantage currently operates nine schools across domestic China and overseas, and more than 98% of its revenue is generated domestically. The total number of enrolled students exceeded 95,000 as of October 2023 from 32,217 as of August 2018. The rapid expansion was achieved through organic growth and school acquisitions.

Edvantage Group Holdings (HKSE:00382) Headlines

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