Tsun Yip Holdings (HKSE:08356) Cash And Cash Equivalents : HK$63.8 Mil (As of Sep. 2024)

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What is Tsun Yip Holdings Cash And Cash Equivalents?

Tsun Yip Holdings's quarterly cash and cash equivalents declined from Sep. 2023 (HK$52.13 Mil) to Mar. 2024 (HK$48.22 Mil) but then increased from Mar. 2024 (HK$48.22 Mil) to Sep. 2024 (HK$63.83 Mil).

Tsun Yip Holdings's annual cash and cash equivalents increased from Mar. 2022 (HK$42.56 Mil) to Mar. 2023 (HK$51.62 Mil) but then declined from Mar. 2023 (HK$51.62 Mil) to Mar. 2024 (HK$48.22 Mil).

Tsun Yip Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Tsun Yip 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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Tsun Yip Holdings Cash And Cash Equivalents Chart

Tsun Yip Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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91.20

66.74

42.56

51.62

48.22

Tsun Yip 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															51.62	-	52.13	48.22	63.83

Tsun Yip 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.

Tsun Yip Holdings (HKSE:08356) 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.

Tsun Yip Holdings Cash And Cash Equivalents Related Terms

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Tsun Yip Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tsun Yip Holdings Ltd (HKSE:08356) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

28 On Lok Mun Street, Fuk Shing Commercial Building, Flat 314, 3rd Floor, Fanling, New Territories, HKG

Website

https://www.tsunyip.hk

Tsun Yip Holdings Ltd provides civil engineering services for the public sector in Hong Kong and the television broadcasting business in the Asia-Pacific region. Its operating segments are the Provision of civil engineering services and the Television broadcasting business. The Provision of civil engineering services segment is engaged in the provision of waterworks engineering services, road works, drainage services, and site formation works for the public sector in Hong Kong, and the Media and advertising business television broadcasting business segment is engaged in broadcasting television programs on television channels operated by television broadcasting companies in the Asia-Pacific region.

Executives

Kan Kwok Cheung	2201 Interest of corporation controlled by you
Lam Shun Kiu, Rosita	2202 Interest of your spouse
Shunleetat (bvi) Limited	2101 Beneficial owner

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