Qianhai Health Holdings (HKSE:00911) Cash And Cash Equivalents : HK$19.5 Mil (As of Dec. 2023)

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What is Qianhai Health Holdings Cash And Cash Equivalents?

Qianhai Health Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$1.64 Mil) to Jun. 2023 (HK$9.17 Mil) and increased from Jun. 2023 (HK$9.17 Mil) to Dec. 2023 (HK$19.53 Mil).

Qianhai Health Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$2.47 Mil) to Dec. 2022 (HK$1.64 Mil) but then increased from Dec. 2022 (HK$1.64 Mil) to Dec. 2023 (HK$19.53 Mil).

Qianhai Health Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Qianhai Health 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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Qianhai Health Holdings Cash And Cash Equivalents Chart

Qianhai Health Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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20.00

16.37

2.47

1.64

19.53

Qianhai Health 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															2.47	163.43	1.64	9.17	19.53

Qianhai Health 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.

Qianhai Health Holdings (HKSE:00911) 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.

Qianhai Health Holdings Cash And Cash Equivalents Related Terms

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Qianhai Health Holdings (HKSE:00911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qianhai Health Holdings Ltd (HKSE:00911) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

177-183 Wing Lok Street, Room 301-3, 3rd Floor, Wing Tuck Commercial Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.qianhaihealth.com.hk

Qianhai Health Holdings Ltd principally engaged in the sale of health products and electronic component products. It includes Chinese herbal medicines, skin-care and other healthcare products and the sale of information technology components products. The operating segments of the group are Healthcare products and Electronic component products. Healthcare products includes sale of healthcare products including Chinese herbal medicines, skincare and other healthcare products. Electronic component products includes sale of information technology components products including central processing unit and semiconductors. The group's revenue is all derived from Hong Kong.

Executives

Huang Guanchao	2101 Beneficial owner
Shinewing Sas (nominee Services) No. 3 Limited	2501 Other
Hou Chung Man	2501 Other
Tang Chung Wah	2501 Other
Sparkling Rock Limited	2201 Interest of corporation controlled by you
Chong Siew Hoong	2202 Interest of your spouse
Lim Tzea	2101 Beneficial owner
Explorer Rosy Limited
Great Prosperous Limited
Noble Stand Global Limited
Thousands Beauties Limited
Yunnan Energy Investment (h K) Co. Limited	2106 Person having a security interest in shares
Yunnan International Holding Group Limited	2106 Person having a security interest in shares
Yunnan International Supply Chain Limited	2106 Person having a security interest in shares
Yunnan Provincial Energy Investment Group Co., Ltd	2106 Person having a security interest in shares

Qianhai Health Holdings (HKSE:00911) Headlines

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