Wonderful Sky Financial Group Holdings (HKSE:01260) Cash And Cash Equivalents : HK$226.8 Mil (As of Sep. 2023)

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What is Wonderful Sky Financial Group Holdings Cash And Cash Equivalents?

Wonderful Sky Financial Group Holdings's quarterly cash and cash equivalents increased from Sep. 2022 (HK$47.96 Mil) to Mar. 2023 (HK$75.54 Mil) and increased from Mar. 2023 (HK$75.54 Mil) to Sep. 2023 (HK$226.82 Mil).

Wonderful Sky Financial Group Holdings's annual cash and cash equivalents declined from Mar. 2021 (HK$151.74 Mil) to Mar. 2022 (HK$126.77 Mil) and declined from Mar. 2022 (HK$126.77 Mil) to Mar. 2023 (HK$75.54 Mil).

Wonderful Sky Financial Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Wonderful Sky Financial Group Holdings'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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Wonderful Sky Financial Group Holdings Cash And Cash Equivalents Chart

Wonderful Sky Financial Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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158.90

107.97

151.74

126.77

75.54

Wonderful Sky Financial Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															160.25	126.77	47.96	75.54	226.82

Wonderful Sky Financial Group Holdings 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.

Wonderful Sky Financial Group Holdings (HKSE:01260) 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.

Wonderful Sky Financial Group Holdings Cash And Cash Equivalents Related Terms

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Wonderful Sky Financial Group Holdings (HKSE:01260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wonderful Sky Financial Group Holdings Ltd (HKSE:01260) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Queen’s Road Central, 9th Floor, The Center, Hong Kong, HKG

Website

http://www.wsfg.hk

Wonderful Sky Financial Group Holdings Ltd is in investment holding, securities investment. The company's operating segment includes the Provision of financial public relations services and the Organisation and coordination of international roadshows. It generates maximum revenue from the Provision of financial public relations services segment which includes public relations services; investor relations services; financial printing services and capital markets branding. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in the People's Republic of China and Singapore.

Executives

Sapphire Star Group Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Liu Tianni	2307 Founder of a discretionary trust who can infl
Luk Ching Sanna	2307 Founder of a discretionary trust who can infl
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fidelity China Special Situations Plc	2101 Beneficial owner

Wonderful Sky Financial Group Holdings (HKSE:01260) Headlines

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