SWIN (Solowin Holdings) Cash And Cash Equivalents : $2.46 Mil (As of Sep. 2024)

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What is Solowin Holdings Cash And Cash Equivalents?

Solowin Holdings's quarterly cash and cash equivalents declined from Sep. 2023 ($6.38 Mil) to Mar. 2024 ($2.14 Mil) but then increased from Mar. 2024 ($2.14 Mil) to Sep. 2024 ($2.46 Mil).

Solowin Holdings's annual cash and cash equivalents increased from Mar. 2022 ($0.98 Mil) to Mar. 2023 ($1.93 Mil) and increased from Mar. 2023 ($1.93 Mil) to Mar. 2024 ($2.14 Mil).

Solowin Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Solowin 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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Solowin Holdings Cash And Cash Equivalents Chart

Solowin Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

0.54

0.98

1.93

2.14

Solowin Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.64	1.93	6.38	2.14	2.46

Solowin 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.

Solowin Holdings (NAS:SWIN) 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.

Solowin Holdings Cash And Cash Equivalents Related Terms

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Solowin Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Solowin Holdings Ltd (NAS:SWIN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.solomonwin.com.hk

Solowin Holdings Ltd is a investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secured one-stop electronic platform. It is engaged in providing securities related services, investment advisory service, and asset management service to customers. The operations were organized into four reportable segments: securities related services, investment advisory services, corporate consultancy services, and asset management services. It derives maximum revenue from investment advisory services.