Eternity Investment (HKSE:00764) Cash And Cash Equivalents : HK$18.4 Mil (As of Dec. 2023)

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What is Eternity Investment Cash And Cash Equivalents?

Eternity Investment's quarterly cash and cash equivalents increased from Dec. 2022 (HK$34.77 Mil) to Jun. 2023 (HK$52.22 Mil) but then stayed the same from Jun. 2023 (HK$52.22 Mil) to Dec. 2023 (HK$18.36 Mil).

Eternity Investment's annual cash and cash equivalents declined from Dec. 2021 (HK$43.57 Mil) to Dec. 2022 (HK$34.77 Mil) and declined from Dec. 2022 (HK$34.77 Mil) to Dec. 2023 (HK$18.36 Mil).

Eternity Investment Cash And Cash Equivalents Historical Data

The historical data trend for Eternity Investment's Cash And Cash Equivalents 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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Eternity Investment Cash And Cash Equivalents Chart

Eternity Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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140.55

54.13

43.57

34.77

18.36

Eternity Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															43.57	71.91	34.77	52.22	18.36

Eternity Investment Cash And Cash Equivalents 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.

Eternity Investment (HKSE:00764) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Eternity Investment Cash And Cash Equivalents Related Terms

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Eternity Investment (HKSE:00764) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eternity Investment Ltd (HKSE:00764) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 1211, Shun Tak Centre, West Tower, Hong Kong, HKG

Website

http://www.eternityinv.com.hk

Eternity Investment Ltd is an investment holding company. The company along with its subsidiaries is engaged in the sale of jewelry products. It operates in four segments Property investment, Sale of financial assets, Moneylending, and Design and sale of jewelry products, and precious stones segment. It generates the highest revenue from the money lending business. The company has a global presence with the majority of the revenue generated from Hong Kong.

Executives

Chu Yuet Wah	2201 Interest of corporation controlled by you
Silver Pacific Development Limited	2201 Interest of corporation controlled by you
Twin Success International Limited	2101 Beneficial owner
Guan Jian	2201 Interest of corporation controlled by you
Lei Hong Wai	2101 Beneficial owner
Cheung Kwok Wai Elton	2101 Beneficial owner
Silver Pacific International Limited	2201 Interest of corporation controlled by you
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares

Eternity Investment (HKSE:00764) Headlines

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