Ngai Hing Hong Co (HKSE:01047) Cash And Cash Equivalents : HK$135 Mil (As of Dec. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Ngai Hing Hong Co Cash And Cash Equivalents?

Ngai Hing Hong Co's quarterly cash and cash equivalents declined from Dec. 2023 (HK$108.97 Mil) to Jun. 2024 (HK$104.23 Mil) but then increased from Jun. 2024 (HK$104.23 Mil) to Dec. 2024 (HK$134.71 Mil).

Ngai Hing Hong Co's annual cash and cash equivalents declined from Jun. 2022 (HK$178.93 Mil) to Jun. 2023 (HK$150.64 Mil) and declined from Jun. 2023 (HK$150.64 Mil) to Jun. 2024 (HK$104.23 Mil).

Ngai Hing Hong Co Cash And Cash Equivalents Historical Data

The historical data trend for Ngai Hing Hong Co'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.

Ngai Hing Hong Co Cash And Cash Equivalents Chart

Ngai Hing Hong Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

Get a 7-Day Free Trial

126.09

206.58

178.93

150.64

104.23

Ngai Hing Hong Co 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															132.48	150.64	108.97	104.23	134.71

Ngai Hing Hong Co 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.

Ngai Hing Hong Co (HKSE:01047) 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.

Ngai Hing Hong Co Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Ngai Hing Hong Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Ngai Hing Hong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ngai Hing Hong Co Ltd (HKSE:01047) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Wo Shing Street, Unit 3, 6th Floor, Hopeful Factory Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

https://www.nhh.com.hk

Ngai Hing Hong Co Ltd is a Hong Kong-based investment holding company. Along with its subsidiaries, the company is involved in the rubber and plastic business sectors. The company is principally engaged in the manufacturing and trading of plastic materials, pigments, colorants, compounded plastic resins, and engineering plastic products. The business of this company is divided into various segments that include Trading, Colorants, Engineering Plastics, and Others. A substantial portion of the company's overall revenue is generated from its Trading business which is involved in the trading of plastic materials.

Executives

Hui Sai Chung

2101 Beneficial owner

Ngai Hing Hong Co Headlines

No Headlines