ArtGo Holdings (HKSE:03313) Cash And Cash Equivalents : HK$110.42 Mil (As of Dec. 2023)

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What is ArtGo Holdings Cash And Cash Equivalents?

ArtGo Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$17.60 Mil) to Jun. 2023 (HK$6.71 Mil) but then increased from Jun. 2023 (HK$6.71 Mil) to Dec. 2023 (HK$110.42 Mil).

ArtGo Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$28.27 Mil) to Dec. 2022 (HK$17.60 Mil) but then increased from Dec. 2022 (HK$17.60 Mil) to Dec. 2023 (HK$110.42 Mil).

ArtGo Holdings Cash And Cash Equivalents Historical Data

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

ArtGo Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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94.32

23.43

28.27

17.60

110.42

ArtGo 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															28.27	27.20	17.60	6.71	110.42

ArtGo 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.

ArtGo Holdings (HKSE:03313) 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.

ArtGo Holdings Cash And Cash Equivalents Related Terms

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ArtGo Holdings (HKSE:03313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ArtGo Holdings Ltd (HKSE:03313) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 728 Yan'an West Road, Room E, 6th Floor, Changning District, Shanghai, CHN

Website

http://www.artgo.cn

ArtGo Holdings Ltd is engaged n mining, processing, trading, and sales of marble stones and warehouse logistics business. The company operates in two business segments. The marble products segment produces marble stone products and calcium carbonate products mainly for further processing or trading, and the other segment includes the trading of commodities, and provision of warehousing and logistics services Geographically, the group derives revenue from the PRC.

Executives

Wu Hailong	2101 Beneficial owner
Casado Co., Limited	2101 Beneficial owner
Ma Boyun	2201 Interest of corporation controlled by you
Xu Xiaodong	2106 Person having a security interest in shares
Gu Weiwen
Zhang Jian
Tong Sui Lun Franco	2101 Beneficial owner

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