Kingwell Group (HKSE:01195) Cash And Cash Equivalents : HK$69.42 Mil (As of Jun. 2023)

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What is Kingwell Group Cash And Cash Equivalents?

Kingwell Group's quarterly cash and cash equivalents increased from Jun. 2022 (HK$34.75 Mil) to Dec. 2022 (HK$43.61 Mil) and increased from Dec. 2022 (HK$43.61 Mil) to Jun. 2023 (HK$69.42 Mil).

Kingwell Group's annual cash and cash equivalents declined from Jun. 2021 (HK$62.36 Mil) to Jun. 2022 (HK$34.75 Mil) but then increased from Jun. 2022 (HK$34.75 Mil) to Jun. 2023 (HK$69.42 Mil).

Kingwell Group Cash And Cash Equivalents Historical Data

The historical data trend for Kingwell 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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Kingwell Group Cash And Cash Equivalents Chart

Kingwell Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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69.82

92.58

62.36

34.75

69.42

Kingwell Group 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															61.09	34.75	43.61	69.42	-

Kingwell 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.

Kingwell Group (HKSE:01195) 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.

Kingwell Group Cash And Cash Equivalents Related Terms

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Kingwell Group (HKSE:01195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kingwell Group Ltd (HKSE:01195) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

62 Mody Road, Units 314-315, Wing On Plaza, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

https://kingwell.todayir.com

Kingwell Group Ltd is engaged in the property development business. It operates under two main segments. The gold mining segment engages in the production and sale of gold; and the property development, property leasing, and property management services segment engages in the development of villas, apartments, and commercial buildings, property leasing of self-owned properties, the sale of carpark spaces and the provision of property management services and construction services. The company derives majority of its revenue from the property development, property leasing, and property management services segment.

Executives

Union Day Group Limited	2201 Interest of corporation controlled by you
Du Yun	2201 Interest of corporation controlled by you
Mu Dongsheng	2101 Beneficial owner
Yin Jiatang	2101 Beneficial owner

Kingwell Group (HKSE:01195) Headlines

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