Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Cash, Cash Equivalents, Marketable Securities : $0.75 Mil (As of Dec. 2023)

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What is Neo-Concept International Group Holdings Cash, Cash Equivalents, Marketable Securities?

Neo-Concept International Group Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($1.10 Mil) to Jun. 2023 ($0.34 Mil) but then increased from Jun. 2023 ($0.34 Mil) to Dec. 2023 ($0.75 Mil).

Neo-Concept International Group Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.18 Mil) to Dec. 2022 ($1.10 Mil) but then declined from Dec. 2022 ($1.10 Mil) to Dec. 2023 ($0.75 Mil).

Neo-Concept International Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Neo-Concept International Group 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.

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Neo-Concept International Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.05

0.18

1.10

0.75

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.18	0.13	1.10	0.34	0.75

Neo-Concept International Group 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.

Neo-Concept International Group Holdings (NAS:NCI) 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.

Neo-Concept International Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

From GuruFocus

Neo-Concept International Group Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq

By Marketwired • 04-23-2024