HTCO (High-Trend International Group) Cash And Cash Equivalents : $6.9 Mil (As of Oct. 2024)

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What is High-Trend International Group Cash And Cash Equivalents?

High-Trend International Group's quarterly cash and cash equivalents increased from Oct. 2023 ($2.22 Mil) to Apr. 2024 ($3.37 Mil) and increased from Apr. 2024 ($3.37 Mil) to Oct. 2024 ($6.86 Mil).

High-Trend International Group's annual cash and cash equivalents declined from Oct. 2022 ($21.57 Mil) to Oct. 2023 ($2.22 Mil) but then increased from Oct. 2023 ($2.22 Mil) to Oct. 2024 ($6.86 Mil).

High-Trend International Group Cash And Cash Equivalents Historical Data

The historical data trend for High-Trend International 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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High-Trend International Group Cash And Cash Equivalents Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

8.12

10.35

21.57

2.22

6.86

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial				21.57	9.61	2.22	3.37	6.86

High-Trend International 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.

High-Trend International Group (NAS:HTCO) 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.

High-Trend International Group Cash And Cash Equivalents Related Terms

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High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Office Unit 1125, 11th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG

Website

http://www.caravelleglobal.com

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service.