Kwong Man Kee Group (HKSE:08023) Cash And Cash Equivalents : HK$37.68 Mil (As of Sep. 2024)

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What is Kwong Man Kee Group Cash And Cash Equivalents?

Kwong Man Kee Group's quarterly cash and cash equivalents declined from Sep. 2023 (HK$52.25 Mil) to Mar. 2024 (HK$46.24 Mil) but then stayed the same from Mar. 2024 (HK$46.24 Mil) to Sep. 2024 (HK$37.68 Mil).

Kwong Man Kee Group's annual cash and cash equivalents increased from Mar. 2022 (HK$23.87 Mil) to Mar. 2023 (HK$34.41 Mil) and increased from Mar. 2023 (HK$34.41 Mil) to Mar. 2024 (HK$46.24 Mil).

Kwong Man Kee Group Cash And Cash Equivalents Historical Data

The historical data trend for Kwong Man Kee Group'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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Kwong Man Kee Group Cash And Cash Equivalents Chart

Kwong Man Kee Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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19.61

34.55

23.87

34.41

46.24

Kwong Man Kee Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															34.41	-	52.25	46.24	37.68

Kwong Man Kee Group 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.

Kwong Man Kee Group (HKSE:08023) 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.

Kwong Man Kee Group Cash And Cash Equivalents Related Terms

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Kwong Man Kee Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kwong Man Kee Group Ltd (HKSE:08023) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

91-93 Bedford Road, 21st Floor, The Bedford, Kowloon, Hong Kong, HKG

Website

https://www.kmk.com.hk

Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.

Executives

Sage City Investments Limited	2101 Beneficial owner
Kwong Chi Man	2201 Interest of corporation controlled by you

Kwong Man Kee Group Headlines

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