Weilong Delicious Global Holdings (HKSE:09985) Cash, Cash Equivalents, Marketable Securities : HK$2,453 Mil (As of Dec. 2023)

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What is Weilong Delicious Global Holdings Cash, Cash Equivalents, Marketable Securities?

Weilong Delicious Global Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$3,035.09 Mil) to Jun. 2023 (HK$3,043.64 Mil) but then stayed the same from Jun. 2023 (HK$3,043.64 Mil) to Dec. 2023 (HK$2,453.46 Mil).

Weilong Delicious Global Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$2,525.72 Mil) to Dec. 2022 (HK$3,035.09 Mil) but then declined from Dec. 2022 (HK$3,035.09 Mil) to Dec. 2023 (HK$2,453.46 Mil).

Weilong Delicious Global Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Weilong Delicious Global 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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Weilong Delicious Global Holdings Cash, Cash Equivalents, Marketable Securities Chart

Weilong Delicious Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

609.30

1,256.75

2,525.72

3,035.09

2,453.46

Weilong Delicious Global Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			2,525.72	2,620.61	3,035.09	3,043.64	2,453.46

Weilong Delicious Global 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.

Weilong Delicious Global Holdings (HKSE:09985) 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.

Weilong Delicious Global Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Weilong Delicious Global Holdings (HKSE:09985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Weilong Delicious Global Holdings Ltd (HKSE:09985) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

Intersection of Dongfanghong Road and Zhongshan Road, Southwest Corner, Shaoling District, Henan, Luohe, CHN

Website

https://www.weilongshipin.com

Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.

Executives

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Weilong Delicious Global Holdings (HKSE:09985) Headlines

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