Miko International Holdings (HKSE:01247) Cash And Cash Equivalents : HK$43.4 Mil (As of Dec. 2023)

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What is Miko International Holdings Cash And Cash Equivalents?

Miko International Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$41.03 Mil) to Jun. 2023 (HK$110.69 Mil) but then stayed the same from Jun. 2023 (HK$110.69 Mil) to Dec. 2023 (HK$43.45 Mil).

Miko International Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$24.17 Mil) to Dec. 2022 (HK$41.03 Mil) and increased from Dec. 2022 (HK$41.03 Mil) to Dec. 2023 (HK$43.45 Mil).

Miko International Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Miko International 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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Miko International Holdings Cash And Cash Equivalents Chart

Miko International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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35.72

46.43

24.17

41.03

43.45

Miko International 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															24.17	65.01	41.03	110.69	43.45

Miko International 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.

Miko International Holdings (HKSE:01247) 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.

Miko International Holdings Cash And Cash Equivalents Related Terms

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Miko International Holdings (HKSE:01247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Miko International Holdings Ltd (HKSE:01247) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Chong Rong Street, Economic Technology Development Zone, Hongbaber Industrial Park, Fujian Province, Quanzhou, CHN, 362000

Website

http://www.redkids.com

Miko International Holdings Ltd along with its subsidiaries is principally engaged in the business of design, manufacture, and sales of children's apparel products. The business operates in two segments namely manufacture and wholesale of children's apparel products and retail outlets of children's apparel products. The wholesaler segment generates maximum revenue for the company. All of its revenue is generated from Mainland China.

Executives

Chen Hsin Fu	2201 Interest of corporation controlled by you
Goldrun Limited	2101 Beneficial owner
Ding Peiji	2201 Interest of corporation controlled by you
Ding Peiji	2101 Beneficial owner
Ding Peiyuan	2201 Interest of corporation controlled by you
Ding Lizhen	2101 Beneficial owner
Think Wise Holdings Investment Limited	2101 Beneficial owner

Miko International Holdings (HKSE:01247) Headlines

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