New Amante Group (HKSE:08412) Cash And Cash Equivalents : HK$2.9 Mil (As of Nov. 2023)

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What is New Amante Group Cash And Cash Equivalents?

New Amante Group's quarterly cash and cash equivalents declined from May. 2023 (HK$10.59 Mil) to Aug. 2023 (HK$0.00 Mil) but then increased from Aug. 2023 (HK$0.00 Mil) to Nov. 2023 (HK$2.88 Mil).

New Amante Group's annual cash and cash equivalents increased from May. 2022 (HK$1.58 Mil) to May. 2023 (HK$10.59 Mil) but then declined from May. 2023 (HK$10.59 Mil) to May. 2024 (HK$1.82 Mil).

New Amante Group Cash And Cash Equivalents Historical Data

The historical data trend for New Amante 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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New Amante Group Cash And Cash Equivalents Chart

New Amante Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash And Cash Equivalents

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6.42

2.50

1.58

10.59

1.82

New Amante Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	May24
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	10.59	-	2.88	1.82

New Amante 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.

New Amante Group (HKSE:08412) 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.

New Amante Group Cash And Cash Equivalents Related Terms

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New Amante Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » New Amante Group Ltd (HKSE:08412) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, 25th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

https://www.new-amante.com

New Amante Group Ltd is an investment holding company with subsidiaries that are mainly engaged in operating clubs, entertainment venues, and securities investments in Hong Kong. The company is mainly involved in two operating segments: club and entertainment business, and securities investment. It generates its main revenue from the club and entertainment business segment.

Executives

Ho Chin Nang	2201 Interest of corporation controlled by you
Cheung Ka Kwan	2101 Beneficial owner
Yuan Lin	2101 Beneficial owner
Wang Ning	2101 Beneficial owner
Sze Ching Lau
Aplus Concept Limited
Louey Andrea Alice
Ng Shing Joe Kester

New Amante Group Headlines

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