Rongzun International Holdings Group (HKSE:01780) Cash And Cash Equivalents : HK$130.6 Mil (As of Sep. 2023)

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What is Rongzun International Holdings Group Cash And Cash Equivalents?

Rongzun International Holdings Group's quarterly cash and cash equivalents declined from Sep. 2022 (HK$147.47 Mil) to Mar. 2023 (HK$142.95 Mil) but then stayed the same from Mar. 2023 (HK$142.95 Mil) to Sep. 2023 (HK$130.56 Mil).

Rongzun International Holdings Group's annual cash and cash equivalents declined from Mar. 2021 (HK$183.49 Mil) to Mar. 2022 (HK$125.75 Mil) but then increased from Mar. 2022 (HK$125.75 Mil) to Mar. 2023 (HK$142.95 Mil).

Rongzun International Holdings Group Cash And Cash Equivalents Historical Data

The historical data trend for Rongzun International Holdings 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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Rongzun International Holdings Group Cash And Cash Equivalents Chart

Rongzun International Holdings Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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61.12

150.12

183.49

125.75

142.95

Rongzun International Holdings Group Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial									151.14	125.75	147.47	142.95	130.56

Rongzun International Holdings 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.

Rongzun International Holdings Group (HKSE:01780) 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.

Rongzun International Holdings Group Cash And Cash Equivalents Related Terms

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Rongzun International Holdings Group (HKSE:01780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rongzun International Holdings Group Ltd (HKSE:01780) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 79 Lei Muk Road, Units 2803-2803A, Asia Trade Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.bnd-strategic.com.hk

B & D Strategic Holdings Ltd is an investment holding company. It operates in two segments: Alteration & addition works and Civil engineering works. Its Alteration & addition works include new structural works, fitting-out works, changes in facilities configuration, construction of a new extension to an existing building, conversion of an existing building to different types, fabrication, modification, removal, or installation of hardware and equipment; erection, relocation, or removal of partitions, doors, and windows; changes in the type of finishes and flooring materials. The Civil engineering segment includes site formation works and foundation works. All of its revenues are generated from Hong Kong.

Executives

Kaneko Hiroshi	2201 Interest of corporation controlled by you
Kyosei Technology Inc.	2101 Beneficial owner
Yanase Kenichi	2201 Interest of corporation controlled by you
Sky Winner Holdings Limited	2101 Beneficial owner
Chan Wai Ching Rebecca	2202 Interest of your spouse
Lam Ah Yee	2202 Interest of your spouse
Lo Wing Hang	2201 Interest of corporation controlled by you
Tang Wing Kwok	2201 Interest of corporation controlled by you

Rongzun International Holdings Group (HKSE:01780) Headlines

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