Hong Lai Huat Group (SGX:CTO) Cash And Cash Equivalents : S$3.94 Mil (As of Dec. 2023)

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What is Hong Lai Huat Group Cash And Cash Equivalents?

Hong Lai Huat Group's quarterly cash and cash equivalents declined from Dec. 2022 (S$11.64 Mil) to Jun. 2023 (S$6.02 Mil) but then stayed the same from Jun. 2023 (S$6.02 Mil) to Dec. 2023 (S$3.94 Mil).

Hong Lai Huat Group's annual cash and cash equivalents declined from Dec. 2021 (S$26.07 Mil) to Dec. 2022 (S$11.64 Mil) and declined from Dec. 2022 (S$11.64 Mil) to Dec. 2023 (S$3.94 Mil).

Hong Lai Huat Group Cash And Cash Equivalents Historical Data

The historical data trend for Hong Lai Huat 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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Hong Lai Huat Group Cash And Cash Equivalents Chart

Hong Lai Huat Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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11.31

9.54

26.07

11.64

3.94

Hong Lai Huat Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															26.07	21.31	11.64	6.02	3.94

Hong Lai Huat 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.

Hong Lai Huat Group (SGX:CTO) 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.

Hong Lai Huat Group Cash And Cash Equivalents Related Terms

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Hong Lai Huat Group (SGX:CTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Lai Huat Group Ltd (SGX:CTO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

10 Bukit Batok Crescent, No 13-05, The Spire Building, Singapore, SGP, 658079

Website

https://www.honglaihuatgroup.com

Hong Lai Huat Group Ltd is engaged in the agricultural development, cultivation, branding, and merchandising, distribution of cassava. It is also engaged in the development of commercial and residential properties. The company has three reportable segments: Agriculture division; Property development and Real estate division; and Others. The agriculture division carries on the business of agricultural development, cultivation, branding, merchandising, and distribution of cassava. The property development and real estate division, are carrying on the business of investment and prime development of commercial and residential properties. The company earns the majority of its revenue from the agriculture division.