Jisheng Group Holdings (HKSE:08133) Cash And Cash Equivalents : HK$3.80 Mil (As of Jun. 2024)

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What is Jisheng Group Holdings Cash And Cash Equivalents?

Jisheng Group Holdings's quarterly cash and cash equivalents increased from Sep. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$5.48 Mil) but then stayed the same from Dec. 2023 (HK$5.48 Mil) to Jun. 2024 (HK$3.80 Mil).

Jisheng Group Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$1.31 Mil) to Dec. 2022 (HK$2.80 Mil) and increased from Dec. 2022 (HK$2.80 Mil) to Dec. 2023 (HK$5.48 Mil).

Jisheng Group Holdings Cash And Cash Equivalents Historical Data

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

Jisheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.00

14.32

1.31

2.80

5.48

Jisheng Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	1.90	-	5.48	3.80

Jisheng 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.

Jisheng Group Holdings (HKSE:08133) 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.

Jisheng Group Holdings Cash And Cash Equivalents Related Terms

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Jisheng Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jisheng Group Holdings Ltd (HKSE:08133) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Connaught Road West, 8/F, Wui Tat Centre, Hong Kong, HKG

Website

https://www.solomon-worldwide.com

Jisheng Group Holdings Ltd Formerly Solomon Worldwide Holdings Ltd is an investment holding company. The company's operating segment includes Metal casting and Financial printing. The metal casting products consist of pump components, valve components, filter components, and food machinery components, which are made of stainless steel, carbon steel, bronze, and/or grey iron. The financial printing segment provides typesetting, translation, cover and layout design, printing and binding, distribution, and media placement services in relation to the financial reports, announcements, shareholders circulars, and IPO prospectuses, for its customers. It generates maximum revenue from the metal casting segment. Geographically, it derives a majority of its revenue from Germany.

Executives

Woo Lan Ying	2101 Beneficial owner
Cheung Siu Wo	2101 Beneficial owner
Ling Pui Chi	2101 Beneficial owner
Li Kwok Fan	2101 Beneficial owner
Fang Jinhuo	2101 Beneficial owner
Chung Hon Man	2101 Beneficial owner

Jisheng Group Holdings Headlines

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