Crosstec Group Holdings (HKSE:03893) Cash And Cash Equivalents : HK$5.29 Mil (As of Dec. 2024)

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What is Crosstec Group Holdings Cash And Cash Equivalents?

Crosstec Group Holdings's quarterly cash and cash equivalents declined from Dec. 2023 (HK$38.38 Mil) to Jun. 2024 (HK$16.77 Mil) but then stayed the same from Jun. 2024 (HK$16.77 Mil) to Dec. 2024 (HK$5.29 Mil).

Crosstec Group Holdings's annual cash and cash equivalents increased from Jun. 2022 (HK$21.63 Mil) to Jun. 2023 (HK$31.00 Mil) but then declined from Jun. 2023 (HK$31.00 Mil) to Jun. 2024 (HK$16.77 Mil).

Crosstec Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Crosstec 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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Crosstec Group Holdings Cash And Cash Equivalents Chart

Crosstec Group Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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19.54

11.98

21.63

31.00

16.77

Crosstec Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															27.53	31.00	38.38	16.77	5.29

Crosstec 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.

Crosstec Group Holdings (HKSE:03893) 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.

Crosstec Group Holdings Cash And Cash Equivalents Related Terms

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Crosstec Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Crosstec Group Holdings Ltd (HKSE:03893) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

651 King’s Road, Unit 1301, 13th Floor, Technology Plaza, Hong Kong, HKG

Website

https://www.crosstec.com.hk

Crosstec Group Holdings Ltd is a one-stop provider of interior design solutions in Hong Kong. Its services include millwork and furniture provision, facade development and fabrication, interior solutions, and design and project consultancy services. It derives the majority of its revenue from interior solutions projects. The company operates in Hong Kong, Japan, People's Republic of China, Monaco, United States and others, out of which it derives majority of its revenue from People's Republic of China.

Executives

Mk Investment Group Limited	2101 Beneficial owner
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Cgh (bvi) Limited	2101 Beneficial owner
Lee Wai Sang	2201 Interest of corporation controlled by you
Leung Mo Shan Jackie	2201 Interest of corporation controlled by you

Crosstec Group Holdings Headlines

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