XinKong International Capital Holdings (HKSE:00993) Cash And Cash Equivalents : HK$413.1 Mil (As of Dec. 2024)

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What is XinKong International Capital Holdings Cash And Cash Equivalents?

XinKong International Capital Holdings's quarterly cash and cash equivalents declined from Dec. 2023 (HK$1,581.36 Mil) to Jun. 2024 (HK$627.60 Mil) but then stayed the same from Jun. 2024 (HK$627.60 Mil) to Dec. 2024 (HK$413.12 Mil).

XinKong International Capital Holdings's annual cash and cash equivalents declined from Dec. 2022 (HK$1,986.64 Mil) to Dec. 2023 (HK$1,581.36 Mil) and declined from Dec. 2023 (HK$1,581.36 Mil) to Dec. 2024 (HK$413.12 Mil).

XinKong International Capital Holdings Cash And Cash Equivalents Historical Data

The historical data trend for XinKong International Capital 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.

* Premium members only.

XinKong International Capital Holdings Cash And Cash Equivalents Chart

XinKong International Capital Holdings Annual Data

Trend

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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1,778.53

1,974.92

1,986.64

1,581.36

413.12

XinKong International Capital Holdings Semi-Annual Data
	Apr15	Oct15	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															1,986.64	2,491.09	1,581.36	627.60	413.12

XinKong International Capital 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.

XinKong International Capital Holdings (HKSE:00993) 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.

XinKong International Capital Holdings Cash And Cash Equivalents Related Terms

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XinKong International Capital Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » XinKong International Capital Holdings Ltd (HKSE:00993) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, 15th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

http://www.hrif.com.hk

XinKong International Capital Holdings Ltd Formerly Huarong International Financial Holdings Ltd is a finance company that provides brokerage services on securities, investment banking, futures, and asset management. The company operates through four segments. The securities segment which derives key revenue, is composed of the brokerage and trading of securities, futures and options contracts, and margin financing services. The corporate finance segment provides securities underwriting, sponsoring, and financial advisory services to institutional clients. The asset management and direct investment segment consists of asset management services and direct investments in equities, bonds, funds, and other financial products.

Executives

Dong Jufeng
Jia Tianjiang
Ningxia Tianyuan Manganese Industry Group Co., Ltd.
Tian Yuan Manganese Limited
Shinning Rhythm Limited	2106 Person having a security interest in shares
China Tian Yuan Asset Management Limited
China Tian Yuan Manganese Finance (holdings) Limited
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
China Tian Yuan Finance Group (holdings) Limited	2201 Interest of corporation controlled by you
China Tian Yuan International Finance Limited	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li You Xian Gong Si	2106 Person having a security interest in shares

XinKong International Capital Holdings Headlines

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