Emperor Culture Group (HKSE:00491) Cash And Cash Equivalents : HK$64.9 Mil (As of Dec. 2023)

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What is Emperor Culture Group Cash And Cash Equivalents?

Emperor Culture Group's quarterly cash and cash equivalents increased from Dec. 2022 (HK$80.35 Mil) to Jun. 2023 (HK$81.99 Mil) but then stayed the same from Jun. 2023 (HK$81.99 Mil) to Dec. 2023 (HK$64.94 Mil).

Emperor Culture Group's annual cash and cash equivalents increased from Jun. 2021 (HK$56.86 Mil) to Jun. 2022 (HK$117.41 Mil) but then declined from Jun. 2022 (HK$117.41 Mil) to Jun. 2023 (HK$81.99 Mil).

Emperor Culture Group Cash And Cash Equivalents Historical Data

The historical data trend for Emperor Culture Group'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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Emperor Culture Group Cash And Cash Equivalents Chart

Emperor Culture Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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166.47

40.63

56.86

117.41

81.99

Emperor Culture Group 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															135.79	117.41	80.35	81.99	64.94

Emperor Culture Group 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.

Emperor Culture Group (HKSE:00491) 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.

Emperor Culture Group Cash And Cash Equivalents Related Terms

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Emperor Culture Group (HKSE:00491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emperor Culture Group Ltd (HKSE:00491) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

288 Hennessy Road, 28th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.empculture.com

Emperor Culture Group Ltd is a Hong Kong-based investment holding company principally engaged in films and television (TV) series-related businesses. It is involved in entertainment, media, and cultural development businesses, which include (i) cinema operation; and (ii) investment in films and a variety of cultural events. It operates only in the cinema operation segment and generates revenue from the same.

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