Lai Group Holding Co (HKSE:08455) Cash And Cash Equivalents : HK$20.78 Mil (As of Sep. 2024)

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What is Lai Group Holding Co Cash And Cash Equivalents?

Lai Group Holding Co's quarterly cash and cash equivalents increased from Sep. 2023 (HK$17.11 Mil) to Mar. 2024 (HK$24.33 Mil) but then stayed the same from Mar. 2024 (HK$24.33 Mil) to Sep. 2024 (HK$20.78 Mil).

Lai Group Holding Co's annual cash and cash equivalents declined from Mar. 2022 (HK$57.74 Mil) to Mar. 2023 (HK$24.31 Mil) but then increased from Mar. 2023 (HK$24.31 Mil) to Mar. 2024 (HK$24.33 Mil).

Lai Group Holding Co Cash And Cash Equivalents Historical Data

The historical data trend for Lai Group Holding Co'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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Lai Group Holding Co Cash And Cash Equivalents Chart

Lai Group Holding Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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41.74

58.91

57.74

24.31

24.33

Lai Group Holding Co 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															24.31	-	17.11	24.33	20.78

Lai Group Holding Co 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.

Lai Group Holding Co (HKSE:08455) 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.

Lai Group Holding Co Cash And Cash Equivalents Related Terms

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Lai Group Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lai Group Holding Co Ltd (HKSE:08455) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, 19th Floor, Phase 01, Kings Wing Plaza, Office H, Shek Mun, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.dic.hk

Lai Group Holding Co Ltd is an investment holding company. The group principally operates in one business segment, which is providing interior design and fit-out services in Hong Kong. Most of the firm's revenue gets derived from Residential interior design and fit-out services. It operates in Hongkong.

Executives

Hk H&y Group Chain Management Limited
Liu Jiasheng	2201 Interest of corporation controlled by you
Chun Wah Limited	2101 Beneficial owner
Chan Lai Sin	2201 Interest of corporation controlled by you
Wong Ting Nuen	2202 Interest of your spouse
Cai Hui Ting	2101 Beneficial owner
Sun Xincai	2101 Beneficial owner

Lai Group Holding Co Headlines

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