Million Hope Industries Holdings (HKSE:01897) Cash And Cash Equivalents : HK$194.0 Mil (As of Sep. 2024)

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What is Million Hope Industries Holdings Cash And Cash Equivalents?

Million Hope Industries Holdings's quarterly cash and cash equivalents increased from Sep. 2023 (HK$110.58 Mil) to Mar. 2024 (HK$193.33 Mil) and increased from Mar. 2024 (HK$193.33 Mil) to Sep. 2024 (HK$194.00 Mil).

Million Hope Industries Holdings's annual cash and cash equivalents declined from Mar. 2022 (HK$86.56 Mil) to Mar. 2023 (HK$77.56 Mil) but then increased from Mar. 2023 (HK$77.56 Mil) to Mar. 2024 (HK$193.33 Mil).

Million Hope Industries Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Million Hope Industries 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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Million Hope Industries Holdings Cash And Cash Equivalents Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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297.69

236.02

86.56

77.56

193.33

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial											27.83	77.56	110.58	193.33	194.00

Million Hope Industries 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.

Million Hope Industries Holdings (HKSE:01897) 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.

Million Hope Industries Holdings Cash And Cash Equivalents Related Terms

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Million Hope Industries Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Ccm Trust (cayman) Limited
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

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