Bingo Group Holdings (HKSE:08220) Cash And Cash Equivalents : HK$53.48 Mil (As of Sep. 2024)

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What is Bingo Group Holdings Cash And Cash Equivalents?

Bingo Group Holdings's quarterly cash and cash equivalents declined from Sep. 2023 (HK$19.47 Mil) to Mar. 2024 (HK$13.59 Mil) but then increased from Mar. 2024 (HK$13.59 Mil) to Sep. 2024 (HK$53.48 Mil).

Bingo Group Holdings's annual cash and cash equivalents increased from Mar. 2022 (HK$11.82 Mil) to Mar. 2023 (HK$22.99 Mil) but then declined from Mar. 2023 (HK$22.99 Mil) to Mar. 2024 (HK$13.59 Mil).

Bingo Group Holdings Cash And Cash Equivalents Historical Data

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

Bingo Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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38.15

15.30

11.82

22.99

13.59

Bingo Group Holdings 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															22.99	-	19.47	13.59	53.48

Bingo 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.

Bingo Group Holdings (HKSE:08220) 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.

Bingo Group Holdings Cash And Cash Equivalents Related Terms

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Bingo Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bingo Group Holdings Ltd (HKSE:08220) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

414-424 Jaffe Road, Unit 202, 2th Floor, Chinaweal Centre, Hong Kong, HKG

Website

http://www.bingogroup.com.hk

Bingo Group Holdings Ltd is an investment holding company principally engaged in the investment and management of cinemas. The company operates through two segments. Cinema Investment and Management segment is engaged in the investment in cinemas and the provision of cinema management services. Filmed Entertainment, New Media Exploitations, and Licensing Businesses segment is engaged in movie production, licensing and derivatives, crossover marketing, the provision of interactive content, artists development, and last miles engagement. Its Cinema Investment and Management segment contributes to all of its revenue. Its geographical segments are Hong Kong and China, of which all of its revenues come from China.

Executives

Beglobal Investments Limited
Chiau Sing Chi	2101 Beneficial owner
Chow Man Ki Kelly	2101 Beneficial owner
Golden Treasure Global Investment Limited
Sinostar Fe (ptc) Limited
Treasure Offshore Holdings Limited
Ko Kin Hang	2101 Beneficial owner

Bingo Group Holdings Headlines

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