China HK Power Smart Energy Group (HKSE:00931) Cash And Cash Equivalents : HK$53.7 Mil (As of Sep. 2023)

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What is China HK Power Smart Energy Group Cash And Cash Equivalents?

China HK Power Smart Energy Group's quarterly cash and cash equivalents declined from Sep. 2022 (HK$36.32 Mil) to Mar. 2023 (HK$31.77 Mil) but then increased from Mar. 2023 (HK$31.77 Mil) to Sep. 2023 (HK$53.73 Mil).

China HK Power Smart Energy Group's annual cash and cash equivalents declined from Mar. 2021 (HK$68.42 Mil) to Mar. 2022 (HK$26.60 Mil) but then increased from Mar. 2022 (HK$26.60 Mil) to Mar. 2023 (HK$31.77 Mil).

China HK Power Smart Energy Group Cash And Cash Equivalents Historical Data

The historical data trend for China HK Power Smart Energy Group'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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China HK Power Smart Energy Group Cash And Cash Equivalents Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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100.39

50.03

68.42

26.60

31.77

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															36.52	26.60	36.32	31.77	53.73

China HK Power Smart Energy Group 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.

China HK Power Smart Energy Group (HKSE:00931) 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.

China HK Power Smart Energy Group Cash And Cash Equivalents Related Terms

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China HK Power Smart Energy Group (HKSE:00931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (HKSE:00931) » Definitions » Cash And Cash Equivalents

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Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

Executives

Kan Che Kin Billy Albert

2101 Beneficial owner

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