China Lesso Group Holdings (HKSE:02128) Cash And Cash Equivalents : HK$5,602 Mil (As of Dec. 2024)

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What is China Lesso Group Holdings Cash And Cash Equivalents?

China Lesso Group Holdings's quarterly cash and cash equivalents declined from Dec. 2023 (HK$5,638.96 Mil) to Jun. 2024 (HK$5,417.38 Mil) but then increased from Jun. 2024 (HK$5,417.38 Mil) to Dec. 2024 (HK$5,601.58 Mil).

China Lesso Group Holdings's annual cash and cash equivalents declined from Dec. 2022 (HK$6,404.57 Mil) to Dec. 2023 (HK$5,638.96 Mil) and declined from Dec. 2023 (HK$5,638.96 Mil) to Dec. 2024 (HK$5,601.58 Mil).

China Lesso Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for China Lesso 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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China Lesso Group Holdings Cash And Cash Equivalents Chart

China Lesso Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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7,636.86

7,560.42

6,404.57

5,638.96

5,601.58

China Lesso Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															6,404.57	5,849.87	5,638.96	5,417.38	5,601.58

China Lesso 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.

China Lesso Group Holdings (HKSE:02128) 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.

China Lesso Group Holdings Cash And Cash Equivalents Related Terms

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China Lesso Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Lesso Group Holdings Ltd (HKSE:02128) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan, CHN, 528318

Website

https://www.lesso.com

China Lesso Group Holdings Ltd is engaged in the manufacturing and selling of piping and building materials in Mainland China. The company provides high-quality products and services such as plastic piping, building materials, and home improvement, new energy, environmental protection, and operates a supply chain service platform. It has three segments Southern China, including Guangdong Province, Guangxi Zhuang Autonomous Region, Hunan Province, Fujian Province, and Hainan Province; Other than Southern China, including regions in China other than Southern China; and Outside China.

Executives

Ubs Trustees (b.v.i.) Limited	2301 Trustee
New Fortune Star Limited	2101 Beneficial owner
Wong Luen Hei	2307 Founder of a discretionary trust who can infl
Zuo Xiaoping	2305 Beneficiary of a trust
Xi Xi Development Limited	2201 Interest of corporation controlled by you

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