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Folangsi Co (HKSE:02499) Cash And Cash Equivalents : HK$220 Mil (As of Dec. 2023)


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What is Folangsi Co Cash And Cash Equivalents?

Folangsi Co's quarterly cash and cash equivalents declined from Dec. 2021 (HK$285.21 Mil) to Dec. 2022 (HK$134.72 Mil) but then increased from Dec. 2022 (HK$134.72 Mil) to Dec. 2023 (HK$219.59 Mil).

Folangsi Co's annual cash and cash equivalents declined from Dec. 2021 (HK$285.21 Mil) to Dec. 2022 (HK$134.72 Mil) but then increased from Dec. 2022 (HK$134.72 Mil) to Dec. 2023 (HK$219.59 Mil).

Folangsi Co Cash And Cash Equivalents Historical Data

The historical data trend for Folangsi Co'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.

* Premium members only.

Folangsi Co Cash And Cash Equivalents Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
136.41 285.21 134.72 219.59

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents 136.41 285.21 134.72 219.59

Folangsi Co 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.

Folangsi Co  (HKSE:02499) 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.

Folangsi Co Cash And Cash Equivalents Related Terms

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Folangsi Co (HKSE:02499) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Cash And Cash Equivalents
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Website
https://www.fls123.com
Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

Folangsi Co (HKSE:02499) Headlines

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