Acme International Holdings (HKSE:01870) Cash, Cash Equivalents, Marketable Securities : HK$48.5 Mil (As of Jun. 2024)

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What is Acme International Holdings Cash, Cash Equivalents, Marketable Securities?

Acme International Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (HK$14.30 Mil) to Dec. 2023 (HK$46.27 Mil) and increased from Dec. 2023 (HK$46.27 Mil) to Jun. 2024 (HK$48.50 Mil).

Acme International Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$22.29 Mil) to Dec. 2022 (HK$33.01 Mil) and increased from Dec. 2022 (HK$33.01 Mil) to Dec. 2023 (HK$46.27 Mil).

Acme International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Acme International Holdings'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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Acme International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Acme International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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135.78

42.14

22.29

33.01

46.27

Acme International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									17.73	33.01	14.30	46.27	48.50

Acme International Holdings 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.

Acme International Holdings (HKSE:01870) 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.

Acme International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Acme International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Acme International Holdings Ltd (HKSE:01870) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3007-3008, 30 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.acmehld.com

Acme International Holdings Ltd is engaged in providing one-stop design and build solutions for BMU systems works, and development, design, production, and sales of new energy generation and energy storage systems, and provision of services for sales of electricity. The group has two reportable segments BMU Systems Business which is engaged in the provision of design and build solutions for BMU systems; and Green New Energy Business which is engaged in the development, design, production, and sale of new energy generation and energy storage system and provision of services for sales of electricity. It generates the majority of its revenue from the BMU Systems Business segment.

Executives

Treasure Ship Holding Limited	2101 Beneficial owner
Lin Zhang	2201 Interest of corporation controlled by you
Rr (bvi) Limited	2101 Beneficial owner
Kwan Kam Tim	2201 Interest of corporation controlled by you
Ma Lai Ling	2202 Interest of your spouse
Zhao Yuzhu	2101 Beneficial owner
Liao Shigang	2202 Interest of your spouse
Timeness Vision Limited	2201 Interest of corporation controlled by you
Teng Rongsong	2201 Interest of corporation controlled by you

Acme International Holdings Headlines

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