Kingkey Financial International (Holdings) (HKSE:01468) Cash And Cash Equivalents : HK$93.0 Mil (As of Sep. 2023)

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What is Kingkey Financial International (Holdings) Cash And Cash Equivalents?

Kingkey Financial International (Holdings)'s quarterly cash and cash equivalents declined from Sep. 2022 (HK$139.55 Mil) to Mar. 2023 (HK$111.05 Mil) but then stayed the same from Mar. 2023 (HK$111.05 Mil) to Sep. 2023 (HK$92.98 Mil).

Kingkey Financial International (Holdings)'s annual cash and cash equivalents increased from Mar. 2021 (HK$45.63 Mil) to Mar. 2022 (HK$124.45 Mil) but then declined from Mar. 2022 (HK$124.45 Mil) to Mar. 2023 (HK$111.05 Mil).

Kingkey Financial International (Holdings) Cash And Cash Equivalents Historical Data

The historical data trend for Kingkey Financial 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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Kingkey Financial International (Holdings) Cash And Cash Equivalents Chart

Kingkey Financial International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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100.82

42.14

45.63

124.45

111.05

Kingkey Financial International (Holdings) 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															170.71	124.45	139.55	111.05	92.98

Kingkey Financial 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.

Kingkey Financial International (Holdings) (HKSE:01468) 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.

Kingkey Financial International (Holdings) Cash And Cash Equivalents Related Terms

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Kingkey Financial International (Holdings) (HKSE:01468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingkey Financial International (Holdings) Ltd (HKSE:01468) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hok Cheung Street, Hunghom, 902, Harbour Centre, Tower 2, Kowloon, Hong Kong, HKG

Website

https://www.kkgroup.com.hk

Kingkey Financial International (Holdings) Ltd is engaged in the trade of fur skins, fur skins brokerage, mink farming, provision of securities brokerage services, and provision of wealth management services. The operating segments are Securities which involves the operation of securities brokerage, margin financing, underwriting, placing and consultancy services; Insurance brokerage which includes the provision of insurance brokerage and wealth management services; Fur comprising the provision of breeding, farming and sale of livestock and pelted skin, fur skin brokerage and financing services, Asset Management engaged in provision and arrangement of fund management services and assets management services, and Money lending engaged in provision and arrangement of money lending services.

Executives

Kingkey Holdings (international) Limited	2101 Beneficial owner
Chen Jiajun	2201 Interest of corporation controlled by you
Great Return Group Limited	2101 Beneficial owner
East Treasure Enterprises Corporation	2201 Interest of corporation controlled by you
Fong Chu Pong	2201 Interest of corporation controlled by you
Eternity Star Development Limited	2201 Interest of corporation controlled by you
Renhe Holdings Limited	2201 Interest of corporation controlled by you
Chen Jiajun	2201 Interest of corporation controlled by you
Chang Tat Joel	2201 Interest of corporation controlled by you
Lee Cho Man Joe	2201 Interest of corporation controlled by you

Kingkey Financial International (Holdings) (HKSE:01468) Headlines

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