Pangaea Connectivity Technology (HKSE:01473) Cash And Cash Equivalents : HK$85 Mil (As of Sep. 2023)

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What is Pangaea Connectivity Technology Cash And Cash Equivalents?

Pangaea Connectivity Technology's quarterly cash and cash equivalents declined from Sep. 2022 (HK$121.93 Mil) to Mar. 2023 (HK$64.83 Mil) but then increased from Mar. 2023 (HK$64.83 Mil) to Sep. 2023 (HK$85.48 Mil).

Pangaea Connectivity Technology's annual cash and cash equivalents increased from Mar. 2021 (HK$146.81 Mil) to Mar. 2022 (HK$161.20 Mil) but then declined from Mar. 2022 (HK$161.20 Mil) to Mar. 2023 (HK$64.83 Mil).

Pangaea Connectivity Technology Cash And Cash Equivalents Historical Data

The historical data trend for Pangaea Connectivity Technology'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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Pangaea Connectivity Technology Cash And Cash Equivalents Chart

Pangaea Connectivity Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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26.24

33.14

146.81

161.20

64.83

Pangaea Connectivity Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial					178.15	161.20	121.93	64.83	85.48

Pangaea Connectivity Technology 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.

Pangaea Connectivity Technology (HKSE:01473) 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.

Pangaea Connectivity Technology Cash And Cash Equivalents Related Terms

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Pangaea Connectivity Technology (HKSE:01473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pangaea Connectivity Technology Ltd (HKSE:01473) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG

Website

http://www.pangaea.com.hk

Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry. The company also offers a broad portfolio of WiFi and IoT products.

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