Yue Da International Holdings (HKSE:00629) Cash And Cash Equivalents : HK$44.91 Mil (As of Dec. 2023)

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What is Yue Da International Holdings Cash And Cash Equivalents?

Yue Da International Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$29.33 Mil) to Jun. 2023 (HK$44.85 Mil) and increased from Jun. 2023 (HK$44.85 Mil) to Dec. 2023 (HK$44.91 Mil).

Yue Da International Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$29.94 Mil) to Dec. 2022 (HK$29.33 Mil) but then increased from Dec. 2022 (HK$29.33 Mil) to Dec. 2023 (HK$44.91 Mil).

Yue Da International Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Yue Da International Holdings'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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Yue Da International Holdings Cash And Cash Equivalents Chart

Yue Da International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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229.67

24.97

29.94

29.33

44.91

Yue Da International Holdings 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															29.94	54.76	29.33	44.85	44.91

Yue Da International Holdings 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.

Yue Da International Holdings (HKSE:00629) 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.

Yue Da International Holdings Cash And Cash Equivalents Related Terms

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Yue Da International Holdings (HKSE:00629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Yue Da International Holdings Ltd (HKSE:00629) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 - 200 Connaught Road Central, 33rd Floor, China Merchants Tower, Office No. 3321-3323 and 3325, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.yueda.com.hk

Yue Da International Holdings Ltd is an investment holding company. The company operates through one segment namely, the Factoring business. Factoring business offers trade finance, sales ledger management, customer credit rating, accounts receivable management and collection, credit risk guarantee, supply chain management, and other related solutions in China.

Executives

Jiangsu Yue Da Group Company Limited	2201 Interest of corporation controlled by you
Yueda Capital (hk) Limited	2101 Beneficial owner
Yueda Capital Company Limited	2201 Interest of corporation controlled by you
Yue Da Group (h.k.) Co., Limited	2101 Beneficial owner

Yue Da International Holdings (HKSE:00629) Headlines

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