Hop Fung Group Holdings (HKSE:02320) Cash And Cash Equivalents : HK$47.3 Mil (As of Dec. 2023)

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What is Hop Fung Group Holdings Cash And Cash Equivalents?

Hop Fung Group Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$110.80 Mil) to Jun. 2023 (HK$48.42 Mil) but then stayed the same from Jun. 2023 (HK$48.42 Mil) to Dec. 2023 (HK$47.27 Mil).

Hop Fung Group Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$246.68 Mil) to Dec. 2022 (HK$110.80 Mil) and declined from Dec. 2022 (HK$110.80 Mil) to Dec. 2023 (HK$47.27 Mil).

Hop Fung Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Hop Fung 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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Hop Fung Group Holdings Cash And Cash Equivalents Chart

Hop Fung Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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292.30

291.56

246.68

110.80

47.27

Hop Fung Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															246.68	188.13	110.80	48.42	47.27

Hop Fung 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.

Hop Fung Group Holdings (HKSE:02320) 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.

Hop Fung Group Holdings Cash And Cash Equivalents Related Terms

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Hop Fung Group Holdings (HKSE:02320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hop Fung Group Holdings Ltd (HKSE:02320) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57 Sha Tsui Road and Nos. 30-38 Tai Chung Road, Workshops E, F and H, 22nd Floor, Superluck Industrial Centre (Phase 2), Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hopfunggroup.com

Hop Fung Group Holdings Ltd is principally engaged in the business of manufacturing and sale of corrugated paperware products. The company operates through two segments namely Containerboard and Corrugated packaging. Its Containerboard segment offers corrugating medium and liner board. The Corrugated packaging segment is involved in the production and marketing of corrugated paper boards and carton boxes. It generates key revenue from the Corrugated packaging segment. Geographically, it derives a majority of its revenue from the PRC.

Hop Fung Group Holdings (HKSE:02320) Headlines

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