China Best Group Holding (FRA:EFO3) Cash And Cash Equivalents : €2.01 Mil (As of Sep. 2024)

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What is China Best Group Holding Cash And Cash Equivalents?

China Best Group Holding's quarterly cash and cash equivalents declined from Sep. 2023 (€12.46 Mil) to Mar. 2024 (€4.03 Mil) but then stayed the same from Mar. 2024 (€4.03 Mil) to Sep. 2024 (€2.01 Mil).

China Best Group Holding's annual cash and cash equivalents increased from Mar. 2022 (€5.35 Mil) to Mar. 2023 (€5.97 Mil) but then declined from Mar. 2023 (€5.97 Mil) to Mar. 2024 (€4.03 Mil).

China Best Group Holding Cash And Cash Equivalents Historical Data

The historical data trend for China Best Group Holding'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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China Best Group Holding Cash And Cash Equivalents Chart

China Best Group Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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30.89

11.24

5.35

5.97

4.03

China Best Group Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															8.45	5.97	12.46	4.03	2.01

China Best Group Holding 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.

China Best Group Holding (FRA:EFO3) 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.

China Best Group Holding Cash And Cash Equivalents Related Terms

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China Best Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (FRA:EFO3) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

00370:Hong Kong

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments namely: Trading of goods segment; b) Finance leasing segment; Money lending segment; Securities and futures brokerage segment; International air and sea freight forwarding segment; Property investment segment; Customised technical support segment; Property brokerage segment; Project management segment; Geothermal energy segment; Building construction contracting segment; and Centralised heating segment. It derives maximum revenue from PRC and also has its presence in Hong Kong and Singapore.

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