Eagle Nice (International) Holdings (HKSE:02368) Cash And Cash Equivalents : HK$647 Mil (As of Sep. 2023)

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What is Eagle Nice (International) Holdings Cash And Cash Equivalents?

Eagle Nice (International) Holdings's quarterly cash and cash equivalents increased from Sep. 2022 (HK$452.10 Mil) to Mar. 2023 (HK$515.39 Mil) and increased from Mar. 2023 (HK$515.39 Mil) to Sep. 2023 (HK$646.82 Mil).

Eagle Nice (International) Holdings's annual cash and cash equivalents increased from Mar. 2021 (HK$442.40 Mil) to Mar. 2022 (HK$455.84 Mil) and increased from Mar. 2022 (HK$455.84 Mil) to Mar. 2023 (HK$515.39 Mil).

Eagle Nice (International) Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Eagle Nice (International) 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.

* Premium members only.

Eagle Nice (International) Holdings Cash And Cash Equivalents Chart

Eagle Nice (International) Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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193.83

341.16

442.40

455.84

515.39

Eagle Nice (International) 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															464.21	455.84	452.10	515.39	646.82

Eagle Nice (International) 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.

Eagle Nice (International) Holdings (HKSE:02368) 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.

Eagle Nice (International) Holdings Cash And Cash Equivalents Related Terms

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Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Chung Yuk Sing	2101 Beneficial owner
Huang Yongbiao	2101 Beneficial owner
Chen Hsiao Ying	2101 Beneficial owner
Pou Chen Corporation	2201 Interest of corporation controlled by you
Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you
Time Easy Investment Holdings Limited
Excel Skill International Limited

Eagle Nice (International) Holdings (HKSE:02368) Headlines

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