Wah Sun Handbags International Holdings (HKSE:02683) Cash, Cash Equivalents, Marketable Securities : HK$147.5 Mil (As of Sep. 2023)

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What is Wah Sun Handbags International Holdings Cash, Cash Equivalents, Marketable Securities?

Wah Sun Handbags International Holdings's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 (HK$131.32 Mil) to Mar. 2023 (HK$103.04 Mil) but then increased from Mar. 2023 (HK$103.04 Mil) to Sep. 2023 (HK$147.53 Mil).

Wah Sun Handbags International Holdings's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (HK$110.72 Mil) to Mar. 2022 (HK$116.55 Mil) but then declined from Mar. 2022 (HK$116.55 Mil) to Mar. 2023 (HK$103.04 Mil).

Wah Sun Handbags International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Wah Sun Handbags 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.

* Premium members only.

Wah Sun Handbags International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Wah Sun Handbags International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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92.67

84.51

110.72

116.55

103.04

Wah Sun Handbags International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											91.47	116.55	131.32	103.04	147.53

Wah Sun Handbags 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.

Wah Sun Handbags International Holdings (HKSE:02683) 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.

Wah Sun Handbags International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Wah Sun Handbags International Holdings (HKSE:02683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wah Sun Handbags International Holdings Ltd (HKSE:02683) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Au Pui Wan Street, Room 9, 6th Floor. Wah Yiu Industrial Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

http://www.wahsun.com.hk

Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of handbag products. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Spain and Other countries. Its non-leather handbags are made of materials such as PU, PVC and various types of textile materials, which are mainly mass market and middle-end priced products.

Executives

Wah Sun International Holdings Limited	2101 Beneficial owner
Chan Sim Kuen	2202 Interest of your spouse
Ma Hing Man	2201 Interest of corporation controlled by you
Ma Hing Ming	2201 Interest of corporation controlled by you
Ma Lan Chu	2201 Interest of corporation controlled by you
Ma Lan Heung	2201 Interest of corporation controlled by you
Ma Yum Chee	2201 Interest of corporation controlled by you
Wu Yu Ling	2202 Interest of your spouse
Yung Ngan Sim	2202 Interest of your spouse

Wah Sun Handbags International Holdings (HKSE:02683) Headlines

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