Lotus Horizon Holdings (HKSE:06063) Cash And Cash Equivalents : HK$59.1 Mil (As of Sep. 2024)

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What is Lotus Horizon Holdings Cash And Cash Equivalents?

Lotus Horizon Holdings's quarterly cash and cash equivalents increased from Sep. 2023 (HK$69.31 Mil) to Mar. 2024 (HK$75.45 Mil) but then stayed the same from Mar. 2024 (HK$75.45 Mil) to Sep. 2024 (HK$59.06 Mil).

Lotus Horizon Holdings's annual cash and cash equivalents increased from Mar. 2022 (HK$46.12 Mil) to Mar. 2023 (HK$56.25 Mil) and increased from Mar. 2023 (HK$56.25 Mil) to Mar. 2024 (HK$75.45 Mil).

Lotus Horizon Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Lotus Horizon 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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Lotus Horizon Holdings Cash And Cash Equivalents Chart

Lotus Horizon Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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13.96

72.91

46.12

56.25

75.45

Lotus Horizon Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial										49.41	56.25	69.31	75.45	59.06

Lotus Horizon 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.

Lotus Horizon Holdings (HKSE:06063) 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.

Lotus Horizon Holdings Cash And Cash Equivalents Related Terms

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Lotus Horizon Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lotus Horizon Holdings Ltd (HKSE:06063) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Yiu Street, 21st Floor, Delta House, Shatin, New Territories, Hong Kong, HKG

Website

http://www.lotushorizonholdings.com

Lotus Horizon Holdings Ltd is a subcontractor engaged in the provision of design, supply, and installation services for facade work and building metal finishing work projects in Hong Kong. The company provides its services for commercial properties, residential properties, and public facilities in Hong Kong, including public facilities projects initiated by the Hong Kong Government and residential and commercial properties with distinguished and remarkable designs. The company's operating segments are Facade works projects, which is the key revenue-driving business, and Building metal finishing works projects.

Executives

Dai Wing Yi Marjor	2202 Interest of your spouse
Platinum Lotus Holdings Limited	2101 Beneficial owner
Chu Kwok Fun	2201 Interest of corporation controlled by you

Lotus Horizon Holdings Headlines

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