Wisdomcome Group Holdings (HKSE:08079) Cash And Cash Equivalents : HK$8.20 Mil (As of Sep. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Wisdomcome Group Holdings Cash And Cash Equivalents?

Wisdomcome Group Holdings's quarterly cash and cash equivalents declined from Mar. 2023 (HK$25.82 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$8.20 Mil).

Wisdomcome Group Holdings's annual cash and cash equivalents declined from Mar. 2021 (HK$44.52 Mil) to Mar. 2022 (HK$21.68 Mil) but then increased from Mar. 2022 (HK$21.68 Mil) to Mar. 2023 (HK$25.82 Mil).

Wisdomcome Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Wisdomcome 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.

* Premium members only.

Wisdomcome Group Holdings Cash And Cash Equivalents Chart

Wisdomcome Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

Get a 7-Day Free Trial

34.78

47.44

44.52

21.68

25.82

Wisdomcome Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															17.16	-	25.82	-	8.20

Wisdomcome 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.

Wisdomcome Group Holdings (HKSE:08079) 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.

Wisdomcome Group Holdings Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Wisdomcome Group Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Wisdomcome Group Holdings (HKSE:08079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Wisdomcome Group Holdings Ltd (HKSE:08079) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Sheung Yuet Road, Unit 02, 11th Floor, Eastmark, Kowloon Bay, Hong Kong, HKG

Website

http://www.ecrepay.com

Wisdomcome Group Holdings Ltd is an investment holding company mainly engaged in the wholesale and retail of groceries. Along with subsidiaries, the Company operates its business through two segments. The Retail and Wholesale segment is principally involved in the retail of groceries, frozen foods and coupons, and the wholesale of groceries and frozen foods. Retail groceries mainly include frozen soup, frozen seafood, personal care products and stationery. The Money Lending segment is mainly engaged in the money lending business. In addition, the Company is also engaged in financial instruments and quoted shares investment business. All of the group's operations are located in Hong Kong.

Wisdomcome Group Holdings (HKSE:08079) Headlines

No Headlines