Kangji Medical Holdings (HKSE:09997) Cash, Cash Equivalents, Marketable Securities : HK$2,940 Mil (As of Dec. 2023)

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What is Kangji Medical Holdings Cash, Cash Equivalents, Marketable Securities?

Kangji Medical Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$3,159.76 Mil) to Jun. 2023 (HK$3,296.20 Mil) but then stayed the same from Jun. 2023 (HK$3,296.20 Mil) to Dec. 2023 (HK$2,940.12 Mil).

Kangji Medical Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$3,691.12 Mil) to Dec. 2022 (HK$3,159.76 Mil) and declined from Dec. 2022 (HK$3,159.76 Mil) to Dec. 2023 (HK$2,940.12 Mil).

Kangji Medical Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Kangji Medical 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.

Kangji Medical Holdings Cash, Cash Equivalents, Marketable Securities Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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667.72

3,296.07

3,691.12

3,159.76

2,940.12

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							3,691.12	3,619.30	3,159.76	3,296.20	2,940.12

Kangji Medical 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.

Kangji Medical Holdings (HKSE:09997) 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.

Kangji Medical Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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