ICO Group (HKSE:01460) Cash And Cash Equivalents : HK$238.6 Mil (As of Sep. 2023)

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What is ICO Group Cash And Cash Equivalents?

ICO Group's quarterly cash and cash equivalents increased from Sep. 2022 (HK$144.72 Mil) to Mar. 2023 (HK$216.92 Mil) and increased from Mar. 2023 (HK$216.92 Mil) to Sep. 2023 (HK$238.62 Mil).

ICO Group's annual cash and cash equivalents increased from Mar. 2021 (HK$106.81 Mil) to Mar. 2022 (HK$107.42 Mil) and increased from Mar. 2022 (HK$107.42 Mil) to Mar. 2023 (HK$216.92 Mil).

ICO Group Cash And Cash Equivalents Historical Data

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

ICO Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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52.98

45.37

106.81

107.42

216.92

ICO Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															114.53	107.42	144.72	216.92	238.62

ICO 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.

ICO Group (HKSE:01460) 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.

ICO Group Cash And Cash Equivalents Related Terms

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ICO Group (HKSE:01460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICO Group Ltd (HKSE:01460) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.1460.hk

ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.

Executives

Chan Kwok Pui	2101 Beneficial owner
Lee Cheong Yuen	2401 A concert party to an agreement to buy shares
Saetia Ladda	2202 Interest of your spouse
Tam Kwok Wah	2401 A concert party to an agreement to buy shares
Choi Chiu Fai Stanley
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