Golden Resources Development International (HKSE:00677) Cash And Cash Equivalents : HK$425 Mil (As of Sep. 2024)

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What is Golden Resources Development International Cash And Cash Equivalents?

Golden Resources Development International's quarterly cash and cash equivalents declined from Sep. 2023 (HK$414.56 Mil) to Mar. 2024 (HK$351.23 Mil) but then increased from Mar. 2024 (HK$351.23 Mil) to Sep. 2024 (HK$425.38 Mil).

Golden Resources Development International's annual cash and cash equivalents increased from Mar. 2022 (HK$455.20 Mil) to Mar. 2023 (HK$540.23 Mil) but then declined from Mar. 2023 (HK$540.23 Mil) to Mar. 2024 (HK$351.23 Mil).

Golden Resources Development International Cash And Cash Equivalents Historical Data

The historical data trend for Golden Resources Development International'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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Golden Resources Development International Cash And Cash Equivalents Chart

Golden Resources Development International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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265.04

462.87

455.20

540.23

351.23

Golden Resources Development International Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															594.13	540.23	414.56	351.23	425.38

Golden Resources Development International 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.

Golden Resources Development International (HKSE:00677) 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.

Golden Resources Development International Cash And Cash Equivalents Related Terms

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Golden Resources Development International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Golden Resources Development International Ltd (HKSE:00677) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 218 Jaffe Road, 29th Floor, Golden Resources Centre, Wan Chai, Hong Kong, HKG

Website

http://www.grdil.com

Golden Resources Development International Ltd is an investment holding company. The company is engaged in the business of sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice and food products, convenience store operation, packaging materials operation, securities investment, property investment retailtainment and investment holding. The company's operating segment includes Convenience store operation; Food operation; Packaging materials operation; Securities investment; Property investment; Retailtainment; and Corporate and others. It generates maximum revenue from the Convenience store operation segment. Geographically, it derives a majority of revenue from Vietnam and also has a presence in Hong Kong and Mainland China and Other regions.

Executives

Lam Sai Mann

2201 Interest of corporation controlled by you

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