GLE (Global Engine Group Holding) Cash And Cash Equivalents : $0.90 Mil (As of Dec. 2023)

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What is Global Engine Group Holding Cash And Cash Equivalents?

Global Engine Group Holding's quarterly cash and cash equivalents increased from Dec. 2022 ($0.56 Mil) to Jun. 2023 ($0.80 Mil) and increased from Jun. 2023 ($0.80 Mil) to Dec. 2023 ($0.90 Mil).

Global Engine Group Holding's annual cash and cash equivalents increased from Jun. 2021 ($0.23 Mil) to Jun. 2022 ($0.77 Mil) and increased from Jun. 2022 ($0.77 Mil) to Jun. 2023 ($0.80 Mil).

Global Engine Group Holding Cash And Cash Equivalents Historical Data

The historical data trend for Global Engine 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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Global Engine Group Holding Cash And Cash Equivalents Chart

Global Engine Group Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

0.01

0.23

0.77

0.80

Global Engine Group Holding Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.02	0.77	0.56	0.80	0.90

Global Engine 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.

Global Engine Group Holding (NAS:GLE) 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.

Global Engine Group Holding Cash And Cash Equivalents Related Terms

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Global Engine Group Holding Business Description

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Address

Website

Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.

Global Engine Group Holding Headlines

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