Hong Fok (SGX:H30) Cash And Cash Equivalents : S$63.5 Mil (As of Dec. 2023)

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What is Hong Fok Cash And Cash Equivalents?

Hong Fok's quarterly cash and cash equivalents declined from Dec. 2022 (S$32.10 Mil) to Jun. 2023 (S$31.93 Mil) but then increased from Jun. 2023 (S$31.93 Mil) to Dec. 2023 (S$63.52 Mil).

Hong Fok's annual cash and cash equivalents declined from Dec. 2021 (S$48.25 Mil) to Dec. 2022 (S$32.10 Mil) but then increased from Dec. 2022 (S$32.10 Mil) to Dec. 2023 (S$63.52 Mil).

Hong Fok Cash And Cash Equivalents Historical Data

The historical data trend for Hong Fok'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.

Hong Fok Cash And Cash Equivalents Chart

Hong Fok Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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40.26

41.14

48.25

32.10

63.52

Hong Fok 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															48.25	63.16	32.10	31.93	63.52

Hong Fok 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 Fok (SGX:H30) 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 Fok Cash And Cash Equivalents Related Terms

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Hong Fok (SGX:H30) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Fok Corp Ltd (SGX:H30) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Beach Road, No. 41-00, The Concourse, Singapore, SGP, 199555

Website

http://www.hongfok.com.sg

Hong Fok Corp Ltd is an investment holding company. Its principal activities consist of investment, property development, and construction, property management, investment trading, provision of horticultural services and investment holding and management. The company has three reportable segments: Property investment - which includes investments in investment properties; Property development and construction - which develops retail and residential units, including the sale of residential units, and construction of a hotel; and Property management - which provides maintenance and management services. It generates most of its revenue from the Property investment segment.

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