Innovax Holdings (HKSE:02680) Cash And Cash Equivalents : HK$83.5 Mil (As of Aug. 2024)

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What is Innovax Holdings Cash And Cash Equivalents?

Innovax Holdings's quarterly cash and cash equivalents declined from Aug. 2023 (HK$113.63 Mil) to Feb. 2024 (HK$112.02 Mil) but then stayed the same from Feb. 2024 (HK$112.02 Mil) to Aug. 2024 (HK$83.48 Mil).

Innovax Holdings's annual cash and cash equivalents increased from Feb. 2022 (HK$58.83 Mil) to Feb. 2023 (HK$87.39 Mil) and increased from Feb. 2023 (HK$87.39 Mil) to Feb. 2024 (HK$112.02 Mil).

Innovax Holdings Cash And Cash Equivalents Historical Data

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

Innovax Holdings Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash And Cash Equivalents

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97.35

68.08

58.83

87.39

112.02

Innovax Holdings Semi-Annual Data
	Feb16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Cash And Cash Equivalents	Get a 7-Day Free Trial												71.07	87.39	113.63	112.02	83.48

Innovax 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.

Innovax Holdings (HKSE:02680) 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.

Innovax Holdings Cash And Cash Equivalents Related Terms

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Innovax Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Innovax Holdings Ltd (HKSE:02680) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

128 Gloucester Road, Unit A-C, 20/F, Neich Tower, Wanchai, Hong Kong, HKG

Website

https://www.innovax.hk

Innovax Holdings Ltd is a financial and securities service provider in Hong Kong. The services offered by the group include corporate finance advisory services; placing and underwriting services; securities dealing and brokerage services; securities financing services; asset management services and money lending services. The services are offered to retail and corporate clients.

Executives

Chung Chi Man	2101 Beneficial owner
Billion Shine International Investment Limited	2101 Beneficial owner
Lee Yin Har	2202 Interest of your spouse

Innovax Holdings Headlines

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