Kingston Financial Group (HKSE:01031) Cash And Cash Equivalents : HK$368 Mil (As of Sep. 2022)

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What is Kingston Financial Group Cash And Cash Equivalents?

Kingston Financial Group's quarterly cash and cash equivalents declined from Sep. 2021 (HK$951.16 Mil) to Mar. 2022 (HK$245.98 Mil) but then increased from Mar. 2022 (HK$245.98 Mil) to Sep. 2022 (HK$368.09 Mil).

Kingston Financial Group's annual cash and cash equivalents increased from Mar. 2020 (HK$192.92 Mil) to Mar. 2021 (HK$963.21 Mil) but then declined from Mar. 2021 (HK$963.21 Mil) to Mar. 2022 (HK$245.98 Mil).

Kingston Financial Group Cash And Cash Equivalents Historical Data

The historical data trend for Kingston Financial Group'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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Kingston Financial Group Cash And Cash Equivalents Chart

Kingston Financial Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash And Cash Equivalents

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395.79

1,086.52

192.92

963.21

245.98

Kingston Financial Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Cash And Cash Equivalents	Get a 7-Day Free Trial															155.90	963.21	951.16	245.98	368.09

Kingston Financial Group 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.

Kingston Financial Group (HKSE:01031) 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.

Kingston Financial Group Cash And Cash Equivalents Related Terms

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Kingston Financial Group (HKSE:01031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingston Financial Group Ltd (HKSE:01031) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG

Website

https://www.kingston.com.hk

Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.

Executives

Active Dynamic Limited	2101 Beneficial owner
Chu Yuet Wah

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