Hailiang Education Group (Hailiang Education Group) Cash And Cash Equivalents : $43.5 Mil (As of Jun. 2021)

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What is Hailiang Education Group Cash And Cash Equivalents?

Hailiang Education Group's quarterly cash and cash equivalents increased from Dec. 2020 ($29.26 Mil) to Mar. 2021 ($29.71 Mil) and increased from Mar. 2021 ($29.71 Mil) to Jun. 2021 ($43.49 Mil).

Hailiang Education Group's annual cash and cash equivalents increased from Jun. 2019 ($37.79 Mil) to Jun. 2020 ($72.93 Mil) but then declined from Jun. 2020 ($72.93 Mil) to Jun. 2021 ($43.49 Mil).

Hailiang Education Group Cash And Cash Equivalents Historical Data

The historical data trend for Hailiang Education 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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Hailiang Education Group Cash And Cash Equivalents Chart

Hailiang Education Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Cash And Cash Equivalents

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11.43

125.69

37.79

72.93

43.49

Hailiang Education Group Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash And Cash Equivalents	Get a 7-Day Free Trial															72.93	99.37	29.26	29.71	43.49

Hailiang Education 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.

Hailiang Education Group (NAS:HLG) 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.

Hailiang Education Group Cash And Cash Equivalents Related Terms

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Hailiang Education Group (Hailiang Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Hailiang Education Group Inc (NAS:HLG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

1508 Binsheng Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hailiangeducation.com

Hailiang Education Group Inc provides educational services in China. It offers basic educational and international programs for kindergarten, primary, middle, and high school levels. The company educates students according to their aptitudes, devoting to improve students study ability, cultural accomplishments, and international perspectives. Multilingual teaching is available in Hailiang Education, including Chinese, English, Spanish, Japanese, Korean, and French. Its operating segment includes K-12 educational and management services; Educational training services and others. The company generates maximum revenue from the K-12 educational and management services segment.