Kindstar Globalgene Technology (HKSE:09960) Cash, Cash Equivalents, Marketable Securities : HK$2,357 Mil (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Kindstar Globalgene Technology Cash, Cash Equivalents, Marketable Securities?

Kindstar Globalgene Technology's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 (HK$2,416.94 Mil) to Dec. 2022 (HK$2,234.98 Mil) but then increased from Dec. 2022 (HK$2,234.98 Mil) to Jun. 2023 (HK$2,357.19 Mil).

Kindstar Globalgene Technology's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (HK$1,133.61 Mil) to Dec. 2021 (HK$2,626.76 Mil) but then declined from Dec. 2021 (HK$2,626.76 Mil) to Dec. 2022 (HK$2,234.98 Mil).

Kindstar Globalgene Technology Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Kindstar Globalgene Technology'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.

Kindstar Globalgene Technology Cash, Cash Equivalents, Marketable Securities Chart

Kindstar Globalgene Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

88.05

1,133.61

2,626.76

2,234.98

2,215.18

Kindstar Globalgene Technology Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					2,626.76	2,416.94	2,234.98	2,357.19	2,215.18

Kindstar Globalgene Technology 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.

Kindstar Globalgene Technology (HKSE:09960) 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.

Kindstar Globalgene Technology Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Kindstar Globalgene Technology's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Kindstar Globalgene Technology (HKSE:09960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Kindstar Globalgene Technology Inc (HKSE:09960) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Biolake D2-1, 666 Gaoxin Road, East Lake High Tech Zone, Hubei Province, Wuhan, CHN

Website

https://www.kindstar.com.cn

Kindstar Globalgene Technology Inc is principally engaged in the provision of clinical testing services. It organizes the business into nine segments, including hematology testing, genetic disease and rare disease testing, infectious disease testing, oncology testing, neurology testing, maternity-related testing, COVID-19-related testing, routine testing, and Other segment provides Testing services for R&D projects and others and miscellaneous services.

Kindstar Globalgene Technology (HKSE:09960) Headlines

No Headlines