Minsheng Education Group Co (HKSE:01569) Cash And Cash Equivalents : HK$2,362 Mil (As of Jun. 2024)

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What is Minsheng Education Group Co Cash And Cash Equivalents?

Minsheng Education Group Co's quarterly cash and cash equivalents increased from Jun. 2023 (HK$3,298.08 Mil) to Dec. 2023 (HK$3,488.99 Mil) but then stayed the same from Dec. 2023 (HK$3,488.99 Mil) to Jun. 2024 (HK$2,362.32 Mil).

Minsheng Education Group Co's annual cash and cash equivalents increased from Dec. 2021 (HK$3,367.56 Mil) to Dec. 2022 (HK$3,882.92 Mil) but then declined from Dec. 2022 (HK$3,882.92 Mil) to Dec. 2023 (HK$3,488.99 Mil).

Minsheng Education Group Co Cash And Cash Equivalents Historical Data

The historical data trend for Minsheng Education Group 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.

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Minsheng Education Group Co Cash And Cash Equivalents Chart

Minsheng Education Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,455.88

3,111.37

3,367.56

3,882.92

3,488.99

Minsheng Education Group Co Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															3,030.57	3,882.92	3,298.08	3,488.99	2,362.32

Minsheng Education Group 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.

Minsheng Education Group Co (HKSE:01569) 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.

Minsheng Education Group Co Cash And Cash Equivalents Related Terms

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Minsheng Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Minsheng Education Group Co Ltd (HKSE:01569) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8 Jinze West Road, Floor 6, United Shanxi Merchants Tower, Fengtai District, Beijing, CHN, 100070

Website

http://www.minshengedu.com

Minsheng Education Group Co Ltd is an investment holding company that provides educational services in China through its subsidiary. The company operates several schools in China, including the Chongqing College of Humanities, Science, and Technology, Pass College of Chongqing Technology and Business University, Chongqing Vocational College of Applied Technology, and Inner Mongolia Fengzhou Vocational College (Qingcheng Branch). Additionally, the company has invested in Beacon International College in Singapore and Hong Kong Nang Yan College of Higher Education in Hong Kong. The company is organized into two business units based on their services: on-campus education and online education, which are the two reportable operating segments.

Executives

Li Xuechun	2201 Interest of corporation controlled by you
Min Sheng Ji Tuan You Xian Gong Si	2101 Beneficial owner
Li Xuechun	2201 Interest of corporation controlled by you
Pacific Climax Limited	2201 Interest of corporation controlled by you
Shen Zhen Hua Qiao Cheng Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Qiao Cheng Ya Zhou Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Qiao Cheng Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Chang Guo Ji You Xian Gong Si	2101 Beneficial owner
Hua Qin Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Hua Qiao Cheng You Xian Gong Si	2201 Interest of corporation controlled by you

Minsheng Education Group Co Headlines

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