Tongda Group Holdings (HKSE:00698) Cash And Cash Equivalents : HK$841 Mil (As of Dec. 2024)

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What is Tongda Group Holdings Cash And Cash Equivalents?

Tongda Group Holdings's quarterly cash and cash equivalents declined from Dec. 2023 (HK$1,160.49 Mil) to Jun. 2024 (HK$629.84 Mil) but then increased from Jun. 2024 (HK$629.84 Mil) to Dec. 2024 (HK$840.59 Mil).

Tongda Group Holdings's annual cash and cash equivalents declined from Dec. 2022 (HK$1,195.17 Mil) to Dec. 2023 (HK$1,160.49 Mil) and declined from Dec. 2023 (HK$1,160.49 Mil) to Dec. 2024 (HK$840.59 Mil).

Tongda Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Tongda Group 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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Tongda Group Holdings Cash And Cash Equivalents Chart

Tongda Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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1,352.55

1,365.99

1,195.17

1,160.49

840.59

Tongda Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,195.17	1,416.80	1,160.49	629.84	840.59

Tongda Group 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.

Tongda Group Holdings (HKSE:00698) 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.

Tongda Group Holdings Cash And Cash Equivalents Related Terms

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Tongda Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongda Group Holdings Ltd (HKSE:00698) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

6-8 Harbour Road, Room 1201-02, 12th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.tongda.com

Tongda Group Holdings Ltd is a provider of high-precision structural components for smart mobile communications and consumer products. The group provides one-stop solution to customers, starting from product design, R&D to manufacturing. Its products mainly cover handset casings, panels for smart electrical appliances, network communications facilities, and household and sports goods. Its segments include Consumer Electronics Structural Components segment consists of manufacturing of components of handset casings and high-precision components, panels for smart electrical appliances, network communications facilities and other electrical consumer products; and Household and Sports Goods segment consists of durable household goods, household utensils and sports goods.

Executives

Landmark Worldwide Holdings Limited	2101 Beneficial owner
Wang Ya Nan	2201 Interest of corporation controlled by you
Wong Ah Yeung	2201 Interest of corporation controlled by you
Wong Ah Yu	2201 Interest of corporation controlled by you
Wang Ya Hua	2201 Interest of corporation controlled by you

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