Wecon Holdings (HKSE:01793) Cash And Cash Equivalents : HK$41.1 Mil (As of Sep. 2023)

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What is Wecon Holdings Cash And Cash Equivalents?

Wecon Holdings's quarterly cash and cash equivalents increased from Sep. 2022 (HK$50.72 Mil) to Mar. 2023 (HK$64.23 Mil) but then stayed the same from Mar. 2023 (HK$64.23 Mil) to Sep. 2023 (HK$41.14 Mil).

Wecon Holdings's annual cash and cash equivalents declined from Mar. 2021 (HK$120.64 Mil) to Mar. 2022 (HK$88.50 Mil) and declined from Mar. 2022 (HK$88.50 Mil) to Mar. 2023 (HK$64.23 Mil).

Wecon Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Wecon 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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Wecon Holdings Cash And Cash Equivalents Chart

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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29.42

35.05

120.64

88.50

64.23

Wecon Holdings 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									23.96	88.50	50.72	64.23	41.14

Wecon 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.

Wecon Holdings (HKSE:01793) 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.

Wecon Holdings Cash And Cash Equivalents Related Terms

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Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

Executives

Triple Arch Limited	2101 Beneficial owner
Lai Yuk Lin Eliza	2202 Interest of your spouse
Tsang Ka Yip	2201 Interest of corporation controlled by you

Wecon Holdings (HKSE:01793) Headlines

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