Global Engine Group Holding (Global Engine Group Holding) Cash, Cash Equivalents, Marketable Securities : $0.56 Mil (As of Dec. 2022)

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What is Global Engine Group Holding Cash, Cash Equivalents, Marketable Securities?

Global Engine Group Holding's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 ($1.02 Mil) to Jun. 2022 ($0.77 Mil) but then stayed the same from Jun. 2022 ($0.77 Mil) to Dec. 2022 ($0.56 Mil).

Global Engine Group Holding's annual cash, cash equivalents, marketable securities increased from Jun. 2020 ($0.01 Mil) to Jun. 2021 ($0.23 Mil) and increased from Jun. 2021 ($0.23 Mil) to Jun. 2022 ($0.77 Mil).

Global Engine Group Holding Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Global Engine Group Holding's Cash, Cash Equivalents, Marketable Securities 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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Global Engine Group Holding Cash, Cash Equivalents, Marketable Securities Chart

Global Engine Group Holding Annual Data

Trend

Jun20

Jun21

Jun22

Cash, Cash Equivalents, Marketable Securities

0.01

0.23

0.77

Global Engine Group Holding Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	0.23	1.02	0.77	0.56

Global Engine Group Holding Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Global Engine Group Holding (NAS:GLE) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Global Engine Group Holding Cash, Cash Equivalents, Marketable Securities Related Terms

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Global Engine Group Holding (Global Engine Group Holding) Business Description

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Address

Website

Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.

Global Engine Group Holding (Global Engine Group Holding) Headlines

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