United Strength Power Holdings (HKSE:02337) Cash And Cash Equivalents : HK$51 Mil (As of Dec. 2023)

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What is United Strength Power Holdings Cash And Cash Equivalents?

United Strength Power Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$67.34 Mil) to Jun. 2023 (HK$93.26 Mil) but then stayed the same from Jun. 2023 (HK$93.26 Mil) to Dec. 2023 (HK$50.88 Mil).

United Strength Power Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$65.60 Mil) to Dec. 2022 (HK$67.34 Mil) but then declined from Dec. 2022 (HK$67.34 Mil) to Dec. 2023 (HK$50.88 Mil).

United Strength Power Holdings Cash And Cash Equivalents Historical Data

The historical data trend for United Strength Power 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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United Strength Power Holdings Cash And Cash Equivalents Chart

United Strength Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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73.10

132.31

65.60

67.34

50.88

United Strength Power Holdings Semi-Annual Data
	Dec14	Dec15	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												65.60	81.66	67.34	93.26	50.88

United Strength Power 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.

United Strength Power Holdings (HKSE:02337) 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.

United Strength Power Holdings Cash And Cash Equivalents Related Terms

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United Strength Power Holdings (HKSE:02337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Strength Power Holdings Ltd (HKSE:02337) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 2101, Unit 1, Block 23, Zone G, Jilin Province, Solana 2, Erdao District, Changchun, CHN

Website

http://www.united-strength.com

United Strength Power Holdings Ltd operates a vehicle natural gas refueling station in the Jilin province of China. The company sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas. It operates through three business segments namely, the Sale of refined oil, the Sale of natural gas, and the Provision of transportation services. The company generates maximum revenue from the sale of the refined oil segment.

Executives

Dynamic Fame Global Limited	2101 Beneficial owner
Xu Hang	2201 Interest of corporation controlled by you
Golden Truth Holdings Limited	2101 Beneficial owner
Ji Yuanyuan	2202 Interest of your spouse
Zhao Jinmin	2201 Interest of corporation controlled by you
Propitious Peak Limited
Heroic Year Limited
Liu Yingwu
Ma Dan

United Strength Power Holdings (HKSE:02337) Headlines

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