Top Standard (HKSE:08510) Cash And Cash Equivalents : HK$2.59 Mil (As of Dec. 2024)

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What is Top Standard Cash And Cash Equivalents?

Top Standard's quarterly cash and cash equivalents declined from Dec. 2023 (HK$2.42 Mil) to Jun. 2024 (HK$0.94 Mil) but then increased from Jun. 2024 (HK$0.94 Mil) to Dec. 2024 (HK$2.59 Mil).

Top Standard's annual cash and cash equivalents increased from Dec. 2022 (HK$1.18 Mil) to Dec. 2023 (HK$2.42 Mil) and increased from Dec. 2023 (HK$2.42 Mil) to Dec. 2024 (HK$2.59 Mil).

Top Standard Cash And Cash Equivalents Historical Data

The historical data trend for Top Standard'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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Top Standard Cash And Cash Equivalents Chart

Top Standard Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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1.19

2.98

1.18

2.42

2.59

Top Standard Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.33	-	2.42	0.94	2.59

Top Standard 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.

Top Standard (HKSE:08510) 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.

Top Standard Cash And Cash Equivalents Related Terms

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Top Standard Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Top Standard Corp (HKSE:08510) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

87 Hung To Road, Unit 3C, 3rd Floor, Yue Xiu Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.topstandard.com.hk

Top Standard Corp is an investment holding company. Along with its subsidiaries, it is engaged in operating restaurants and bars in Hong Kong and Southeast Asia, and online sales of wines. The group has two operating and reportable segments: catering service and online sales of wines. The majority of its revenue comes from food catering services, which include food and beverages served. Geographically, the group generates maximum revenue from Malaysia, and also has a presence in Hong Kong and Singapore.

Executives

Jss Group Corporation
Chuk Stanley
Lazarus Securities Pty Ltd
Axis Motion Limited	2101 Beneficial owner
Focus Dynamics Group Berhad
Lau Wing Kee	2201 Interest of corporation controlled by you

Top Standard Headlines

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