Wing Chi Holdings (HKSE:06080) Cash And Cash Equivalents : HK$54.9 Mil (As of Sep. 2023)

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What is Wing Chi Holdings Cash And Cash Equivalents?

Wing Chi Holdings's quarterly cash and cash equivalents declined from Sep. 2022 (HK$47.94 Mil) to Mar. 2023 (HK$45.58 Mil) but then increased from Mar. 2023 (HK$45.58 Mil) to Sep. 2023 (HK$54.88 Mil).

Wing Chi Holdings's annual cash and cash equivalents declined from Mar. 2021 (HK$38.76 Mil) to Mar. 2022 (HK$25.36 Mil) but then increased from Mar. 2022 (HK$25.36 Mil) to Mar. 2023 (HK$45.58 Mil).

Wing Chi Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Wing Chi 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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Wing Chi Holdings Cash And Cash Equivalents Chart

Wing Chi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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51.33

41.74

38.76

25.36

45.58

Wing Chi Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial												33.59	25.36	47.94	45.58	54.88

Wing Chi 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.

Wing Chi Holdings (HKSE:06080) 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.

Wing Chi Holdings Cash And Cash Equivalents Related Terms

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Wing Chi Holdings (HKSE:06080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Chi Holdings Ltd (HKSE:06080) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3010, 30th Floor, Cable TV Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.wingchiholdings.com

Wing Chi Holdings Ltd is an Hong Kong-based investment holding company. Along with its subsidiaries, the corporation is principally engaged in the provision of foundation and site formation works and machinery leasing. All of the group's operations are located in Hong Kong.

Executives

Great Pride Global Limited
Yam Yuen Nina	2201 Interest of corporation controlled by you
Colourfield Global Limited	2101 Beneficial owner
Chau Man Chun	2202 Interest of your spouse
Li Cheuk Kam	2201 Interest of corporation controlled by you

Wing Chi Holdings (HKSE:06080) Headlines

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