SMIT Holdings (HKSE:02239) Cash And Cash Equivalents : HK$130.6 Mil (As of Dec. 2024)

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What is SMIT Holdings Cash And Cash Equivalents?

SMIT Holdings's quarterly cash and cash equivalents increased from Dec. 2023 (HK$126.52 Mil) to Jun. 2024 (HK$131.51 Mil) but then stayed the same from Jun. 2024 (HK$131.51 Mil) to Dec. 2024 (HK$130.59 Mil).

SMIT Holdings's annual cash and cash equivalents increased from Dec. 2022 (HK$89.14 Mil) to Dec. 2023 (HK$126.52 Mil) and increased from Dec. 2023 (HK$126.52 Mil) to Dec. 2024 (HK$130.59 Mil).

SMIT Holdings Cash And Cash Equivalents Historical Data

The historical data trend for SMIT 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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SMIT Holdings Cash And Cash Equivalents Chart

SMIT Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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360.32

146.61

89.14

126.52

130.59

SMIT 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															89.14	179.48	126.52	131.51	130.59

SMIT 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.

SMIT Holdings (HKSE:02239) 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.

SMIT Holdings Cash And Cash Equivalents Related Terms

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SMIT Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SMIT Holdings Ltd (HKSE:02239) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Science Park East Avenue, 1st Floor, Harbour View 2, Hong Kong Science Park Shatin, New Territories, Hong Kong, HKG

Website

https://www.smit.com.cn

SMIT Holdings Ltd is an investment holding company. The Company operates as one security device provider for pay television (TV) broadcasting access worldwide and for mobile point-of-sale (mPOS), or mPOS payment systems in China. The Company's mPOS products are designed to be used primarily by business enterprises for secure and convenient payment transactions. It sells its mPOS devices in China to hardware-based mobile payment service providers, which utilize its mPOS devices in conjunction with their own mobile applications to enable end users to make mobile payment transactions. The Company's conditional access modules, or conditional access module (CAM) products are used to provide end users with access to pay TV content.

Executives

Zhang Shiyun	2202 Interest of your spouse
Ever Expert Holdings Limited	2101 Beneficial owner
Huang Xueliang	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Guo Wei Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

SMIT Holdings Headlines

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