Edensoft Holdings (HKSE:01147) Cash, Cash Equivalents, Marketable Securities : HK$22.7 Mil (As of Dec. 2023)

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What is Edensoft Holdings Cash, Cash Equivalents, Marketable Securities?

Edensoft Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$69.19 Mil) to Jun. 2023 (HK$43.10 Mil) but then stayed the same from Jun. 2023 (HK$43.10 Mil) to Dec. 2023 (HK$22.73 Mil).

Edensoft Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$147.86 Mil) to Dec. 2022 (HK$69.19 Mil) and declined from Dec. 2022 (HK$69.19 Mil) to Dec. 2023 (HK$22.73 Mil).

Edensoft Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Edensoft Holdings's Cash, Cash Equivalents, Marketable Securities 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.

Edensoft Holdings Cash, Cash Equivalents, Marketable Securities Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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26.59

124.84

147.86

69.19

22.73

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								147.86	92.97	69.19	43.10	22.73

Edensoft Holdings Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Edensoft Holdings (HKSE:01147) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Edensoft Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Edensoft Holdings (HKSE:01147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

Executives

Ding Xinyun	2201 Interest of corporation controlled by you
Green Leaf Development Limited	2201 Interest of corporation controlled by you
Aztec Pearl Limited	2101 Beneficial owner
Cai Aaron Ding	2401 A concert party to an agreement to buy shares
Tricor Equity Trustee Limited	2301 Trustee
Yan Shi	2202 Interest of your spouse

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