New Universe Environmental Group (HKSE:00436) Cash, Cash Equivalents, Marketable Securities : HK$186.4 Mil (As of Dec. 2023)

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What is New Universe Environmental Group Cash, Cash Equivalents, Marketable Securities?

New Universe Environmental Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$270.28 Mil) to Jun. 2023 (HK$229.03 Mil) but then stayed the same from Jun. 2023 (HK$229.03 Mil) to Dec. 2023 (HK$186.37 Mil).

New Universe Environmental Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$302.07 Mil) to Dec. 2022 (HK$270.28 Mil) and declined from Dec. 2022 (HK$270.28 Mil) to Dec. 2023 (HK$186.37 Mil).

New Universe Environmental Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for New Universe Environmental Group'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.

* Premium members only.

New Universe Environmental Group Cash, Cash Equivalents, Marketable Securities Chart

New Universe Environmental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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267.39

257.52

302.07

270.28

186.37

New Universe Environmental Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															302.07	310.38	270.28	229.03	186.37

New Universe Environmental Group 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.

New Universe Environmental Group (HKSE:00436) 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.

New Universe Environmental Group Cash, Cash Equivalents, Marketable Securities Related Terms

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New Universe Environmental Group (HKSE:00436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » New Universe Environmental Group Ltd (HKSE:00436) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Wang Hoi Road, Rooms 2110-2112, Telford House, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.nuigl.com

New Universe Environmental Group Ltd is engaged in providing hazardous waste treatment services. It operates in four segments: Provision of industrial and medical waste treatment and disposal services; provision of environmental plating sewage treatment services and provision of related facilities and utilities in an eco-plating specialized zone (including industrial sewage treatment services, providing related utilities and management services, and providing factory facilities); provision of environmental equipment construction and installation services, investments in plastic materials dyeing operations. It mainly functions in China and earns the majority of its revenue from the Environmental waste treatment services segment.

Executives

New Universe Enterprises Limited	2201 Interest of corporation controlled by you
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner

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