Wan Kei Group Holdings (HKSE:01718) Cash And Cash Equivalents : HK$127.5 Mil (As of Sep. 2023)

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What is Wan Kei Group Holdings Cash And Cash Equivalents?

Wan Kei Group Holdings's quarterly cash and cash equivalents declined from Sep. 2022 (HK$142.49 Mil) to Mar. 2023 (HK$116.48 Mil) but then increased from Mar. 2023 (HK$116.48 Mil) to Sep. 2023 (HK$127.49 Mil).

Wan Kei Group Holdings's annual cash and cash equivalents declined from Mar. 2021 (HK$136.95 Mil) to Mar. 2022 (HK$132.29 Mil) and declined from Mar. 2022 (HK$132.29 Mil) to Mar. 2023 (HK$116.48 Mil).

Wan Kei Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Wan Kei Group 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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Wan Kei Group Holdings Cash And Cash Equivalents Chart

Wan Kei Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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337.51

228.72

136.95

132.29

116.48

Wan Kei Group Holdings Semi-Annual Data
	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														145.81	132.29	142.49	116.48	127.49

Wan Kei Group 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.

Wan Kei Group Holdings (HKSE:01718) 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.

Wan Kei Group Holdings Cash And Cash Equivalents Related Terms

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Wan Kei Group Holdings (HKSE:01718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wan Kei Group Holdings Ltd (HKSE:01718) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

No. 288 Hennessy Road, Unit No. 07, 16th Floor Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

http://www.hkex1718.hk

Wan Kei Group Holdings Ltd is an engineering and construction company. It is engaged in the provision of foundation works including mini piles, pipe piles, and king posts. It also offers socketed steel, driven piles, and pre-drilling works. The operating business segments are Foundation Construction, Ground Investigation Services, Trading of beauty and skin care products and Financial Services. The Foundation construction segment provides foundation construction works to customers in Hong Kong, the Ground investigation services segment provides ground investigation services to customers in Hong Kong, Financial services segment provides investment, financing, and moneylending services. The company derives revenue mainly from the Foundation construction segment.

Wan Kei Group Holdings (HKSE:01718) Headlines

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