Get Nice Holdings (HKSE:00064) Cash And Cash Equivalents : HK$2,742.1 Mil (As of Sep. 2023)

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What is Get Nice Holdings Cash And Cash Equivalents?

Get Nice Holdings's quarterly cash and cash equivalents increased from Sep. 2022 (HK$2,123.91 Mil) to Mar. 2023 (HK$2,598.35 Mil) and increased from Mar. 2023 (HK$2,598.35 Mil) to Sep. 2023 (HK$2,742.10 Mil).

Get Nice Holdings's annual cash and cash equivalents increased from Mar. 2021 (HK$658.91 Mil) to Mar. 2022 (HK$1,835.24 Mil) and increased from Mar. 2022 (HK$1,835.24 Mil) to Mar. 2023 (HK$2,598.35 Mil).

Get Nice Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Get Nice 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.

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Get Nice Holdings Cash And Cash Equivalents Chart

Get Nice Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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505.87

905.18

658.91

1,835.24

2,598.35

Get Nice 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															1,485.54	1,835.24	2,123.91	2,598.35	2,742.10

Get Nice 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.

Get Nice Holdings (HKSE:00064) 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.

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Get Nice Holdings (HKSE:00064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Holdings Ltd (HKSE:00064) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen's Road Central, Ground Floor to 3rd Floor, Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

http://www.getnice.com.hk

Get Nice Holdings Ltd is a holding company and its principal business activities are money lending, property development and holding, investment in financial instruments, real estate brokerage, and the provision of financial services. The company manages its business in six segments namely Broking, Securities margin financing, Money lending, Corporate finance, asset management, and Investments. The company generates the majority of its revenue from the Securities margin financing segment.

Executives

Honeylink Agents Limited	2101 Beneficial owner
Hung Hon Man	2201 Interest of corporation controlled by you

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