NetDragon Websoft (HKSE:00777) Cash And Cash Equivalents : HK$2,451 Mil (As of Dec. 2023)

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What is NetDragon Websoft Cash And Cash Equivalents?

NetDragon Websoft's quarterly cash and cash equivalents declined from Dec. 2022 (HK$4,132.96 Mil) to Jun. 2023 (HK$3,986.83 Mil) but then stayed the same from Jun. 2023 (HK$3,986.83 Mil) to Dec. 2023 (HK$2,451.16 Mil).

NetDragon Websoft's annual cash and cash equivalents declined from Dec. 2021 (HK$4,551.35 Mil) to Dec. 2022 (HK$4,132.96 Mil) and declined from Dec. 2022 (HK$4,132.96 Mil) to Dec. 2023 (HK$2,451.16 Mil).

NetDragon Websoft Cash And Cash Equivalents Historical Data

The historical data trend for NetDragon Websoft'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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NetDragon Websoft Cash And Cash Equivalents Chart

NetDragon Websoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,365.30

4,877.36

4,551.35

4,132.96

2,451.16

NetDragon Websoft 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															4,551.35	4,339.25	4,132.96	3,986.83	2,451.16

NetDragon Websoft 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.

NetDragon Websoft (HKSE:00777) 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.

NetDragon Websoft Cash And Cash Equivalents Related Terms

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NetDragon Websoft (HKSE:00777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetDragon Websoft Inc (HKSE:00777) » Definitions » Cash And Cash Equivalents

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3ND:Germany

Address

58 Wenquan Branch Road, 851 Building, Fuzhou, CHN

Website

http://www.nd.com.cn

NetDragon Websoft Inc is a Chinese holding company that engages in developing and operating online and mobile games as well as educational platforms. NetDragon's games include PC games, web-based games, mobile games, and e-sports games. PC games constitute the majority of the company's games sales. The company's game portfolio is composed of a range of games that appeal to various types of players. These games include Way of the Five, Eudemons Online, Conquer Online, Zero Online, and Heroes of Might & Magic Online. The company has operations in North America, Europe, and Asia.

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